{"id":449,"date":"2024-08-23T10:57:38","date_gmt":"2024-08-23T10:57:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=449"},"modified":"2024-08-23T10:57:38","modified_gmt":"2024-08-23T10:57:38","slug":"us-bitcoin-etfs-saw-the-sixth-consecutive-day-of-inflows","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=449","title":{"rendered":"US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows"},"content":{"rendered":"<p>US spot <a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-a-bitcoin-etf\">Bitcoin exchange-traded funds<\/a> recorded their sixth straight day of net inflows on August 23rd, totalling around $65 million. The sustained run of positive flows highlights the growing institutional demand for regulated Bitcoin exposure.<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/blackrock\">BlackRock&#8217;s<\/a> iShares Bitcoin Trust (IBIT) let the days inflow with $75.5 million. Launched in April 2024, IBIT has quickly become the biggest spot Bitcoin ETF, with over $20 billion in assets under management.<\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/fidelity\">Fidelity&#8217;s<\/a> Wise Origin Bitcoin Trust took in another $9.2 million, while the ARK 21Shares Bitcoin ETF saw inflows of $7.8 million. Smaller spot bitcoin ETFs like VanEck&#8217;s and WisdomTree&#8217;s also added several million each.<\/p>\n<p>However, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/grayscale\">Grayscale&#8217;s<\/a> Bitcoin Trust continued to bleed funds with $28.4 million in outflows as investors migrated to cheaper options. GBTC has lost over $20 billion since converting to an ETF structure in 2024.<\/p>\n<p>With assets under management crossing $20 billion, BlackRock&#8217;s IBIT has attracted major investments from Morgan Stanley, Goldman Sachs, and pension funds. Its rise has cemented Bitcoin ETFs&#8217; spot as a gateway for institutional capital.<\/p>\n<p>Overall, US spot bitcoin ETFs have seen a cumulative $250 million enter the products this week amid a resurgent Bitcoin market. The uninterrupted inflow streak signals strengthening institutional conviction after months of tepid interest.<\/p>","protected":false},"excerpt":{"rendered":"<p>US spot Bitcoin exchange-traded funds recorded their sixth straight day of net inflows on August 23rd, totalling around $65 million. The sustained run of positive flows highlights the growing institutional demand for regulated Bitcoin exposure. BlackRock&#8217;s iShares Bitcoin Trust (IBIT) let the days inflow with $75.5 million. Launched in April 2024, IBIT has quickly become [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/449"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=449"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/450"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}