BlackRock Bitcoin ETF (IBIT) Clocks $224M Inflows

On Monday, August 26, the U.S. Bitcoin spot ETFs saw substantial net inflows of $202.6 million on August 26, 2024.

The U.S. Bitcoin spot ETFs saw substantial net inflows of $202.6 million on Monday, August 26, as per Farside UK data.

The U.S. Bitcoin spot ETFs saw substantial net inflows of $202.6 million on August 26, 2024.

The inflows were largely driven by BlackRock’s IBIT ETF, which alone attracted $224.1 million in inflows.

This marks a strong endorsement from institutional investors amid Federal Reserve rate cut optimism.

Other notable inflows were observed in Franklin Templeton’s EZBC, which recorded $5.5 million, and WisdomTree’s BTCW, with $5.1 million.

However, the inflows were partially offset by outflows in other ETFs.

Fidelity’s FBTC saw a net outflow of $8.3 million, while Bitwise’s BITB recorded a loss of $16.6 million.

VanEck’s HODL also reported a minor outflow of $7.2 million.

Meanwhile, Grayscale’s GBTC, Valkyrie’s BRRR and Invesco Galaxy’s BTCO saw zero flows.

The mixed performance among different ETFs highlights the varied strategies and outlooks among investors.

Recently, BlackRock reported adding 4,000 shares of its IBIT Bitcoin ETF to its Strategic Global Bond Fund.

Now, the fund holds 16,000 shares of IBIT.

This announcement has spurred optimism around the IBIT ETF as robust inflows continue.

Moreover, Hong Kong’s BTC ETF AUM has surged to $2.2 billion, further fuelling optimism.

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