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Bitcoin ETFs in the US See $337.6 Million Inflows on August 24
On August 24, US spot Bitcoin ETFs experienced their sixth consecutive day of inflows, totaling $337.6 million, with major funds like BlackRock IBIT and Fidelity FBTC leading the gains. Ethereum ETFs also saw increased investment, highlighting sustained institutional demand.
AS1 News
On August 24, American spot Bitcoin ETFs attracted $337.56 million, marking their sixth consecutive day of positive inflows. The largest contributors were BlackRock IBIT with $208.93 million, Fidelity FBTC with $104.57 million, Grayscale BTC with $16.36 million, and Bitwise BITB with $3 million. Over the past six days, total inflows have reached approximately $2.26 billion. Ethereum ETFs also continued to see growth, with inflows of $115.6 million, of which BlackRock ETHA accounted for about $90.9 million. These inflows suggest strong and sustained institutional interest, especially following Bitcoin's recent breach of the $80,000 level. Continued inflows could reinforce the current bullish trend and reflect growing investor confidence.
The sustained inflows into Bitcoin and Ethereum ETFs indicate strong institutional interest, potentially supporting the bullish market trend and investor confidence.