US spot Bitcoin ETFs recorded 626 million dollars in net inflows over three consecutive trading days in early August. BlackRock dominated with its iShares Bitcoin Trust product, which captured 479 million dollars alone, accounting for roughly 76% of total inflows. This product has now accumulated nearly 61 billion dollars in cumulative net inflows since launch. This buying spree occurred while the Crypto Fear & Greed Index stood at 25, a level corresponding to extreme fear, suggesting a contrast between retail sentiment and institutional buying. Total cumulative net inflows across all US spot Bitcoin ETFs now stand at approximately 52.39 billion dollars.
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