{"id":256518,"date":"2024-08-23T11:54:43","date_gmt":"2024-08-23T11:54:43","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/23\/us-bitcoin-etfs-saw-the-sixth-consecutive-day-of-inflows\/"},"modified":"2025-06-25T17:11:52","modified_gmt":"2025-06-25T17:11:52","slug":"us-bitcoin-etfs-saw-the-sixth-consecutive-day-of-inflows","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/08\/23\/us-bitcoin-etfs-saw-the-sixth-consecutive-day-of-inflows\/","title":{"rendered":"US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows"},"content":{"rendered":"<p> [ad_1]<br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/.image\/c_fit%2Ch_800%2Cw_1200\/MTc5Mjk3ODU2NDEwNjkxMjY3\/wall-street-blockchain-alliance-launches-educational-platform-for-financial-markets.jpg\" \/><\/p>\n<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>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/bitcoinmagazine.com\/business\/us-bitcoin-etfs-saw-the-sixth-consecutive-day-of-inflows\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] 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<\/p>\n","protected":false},"author":1,"featured_media":256519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[172],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/256518"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=256518"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/256518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/256519"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=256518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=256518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=256518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}