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American spot Bitcoin ETFs Net inflows hit a record high for the sixth day in a row on August 23, totaling around $65 million. This continued positive flow highlights the growing institutional demand for regulated exposure to Bitcoin.
Black Rock The iShares Bitcoin Trust (IBIT) has recorded inflows of $75.5 million. Launched in April 2024, IBIT has become the largest Bitcoin exchange-traded fund on the exchange, with more than $20 billion in assets under management.
Fidelity The Wise Origin Bitcoin Trust added another $9.2 million, while the ARK 21Shares Bitcoin ETF saw inflows of $7.8 million. Smaller Bitcoin ETFs like VanEck’s and WisdomTree’s also added several million each.
but, shades of gray Bitcoin Trust continued to lose money with $28.4 million in outflows as investors migrated to cheaper options. GBTC has lost more than $20 billion since converting to an exchange-traded fund structure in 2024.
With assets under management exceeding $20 billion, BlackRock IBIT has attracted significant investments from Morgan Stanley, Goldman Sachs, and pension funds. Its rise has cemented the status of Bitcoin ETFs as a gateway for institutional capital.
Overall, U.S.-based bitcoin ETFs saw $250 million inflows into the products this week amid the bitcoin market’s rally. The steady stream of inflows signals a strengthening of institutional conviction after months of tepid interest.
