US-listed spot Bitcoin exchange-traded funds (ETFs) recorded $189.3 million in net inflows on Tuesday, according to data from SoSoValue, marking a sharp rebound after a period of outflows earlier in the month.
The inflows brought August’s cumulative net inflows for Bitcoin ETFs to approximately $951 million, with BlackRock’s iShares Bitcoin Trust accounting for the largest share at $143.6 million. Fidelity’s Wise Origin Bitcoin Fund added $23.9 million, though the sector had previously seen net outflows of $250 million between August 12 and 14.
Cumulative net inflows into US Bitcoin ETFs since their inception now stand at $52.28 billion, with total net assets reaching $79.3 billion. Spot Ether ETFs also experienced $71.5 million in net inflows on Tuesday, contributing to $345 million in August inflows for the asset class.
Bitcoin’s price stood at $64,234, while Ether traded at $1,914, according to CoinGecko. The recent inflows suggest renewed investor confidence in digital assets ahead of the month’s end.
Written by Oliver Grant
Markets Desk
