US spot Bitcoin ETFs recorded $685 million in inflows on August 20 alone, marking their highest single-day net inflow since May 1. This performance is part of a four-day streak of positive flows totaling roughly $1.61 billion, pushing August month-to-date inflows past the $2 billion mark. BlackRock’s iShares Bitcoin Trust (IBIT) dominated the market by absorbing approximately $503 million, or 83% of the daily total. Since their launch on January 11, 2024, the twelve approved Bitcoin ETFs have accumulated approximately $53.4 billion in cumulative net inflows, with total assets under management now nearing $90.2 billion.
Source: Read the original article
