U.S. spot Bitcoin ETFs record $170 million net inflow on Aug. 3

BlackRock's IBIT led daily creations with $111 million, while Fidelity's FBTC added $33.36 million, according to SoSoValue data cited by PANews.

Summary

U.S. spot Bitcoin ETFs posted a total net inflow of $170 million on Aug. 3, extending fresh demand for listed Bitcoin funds. BlackRock's IBIT brought in the largest single-day net inflow at $111 million, lifting its cumulative historical net inflow to $60.593 billion. Fidelity's FBTC ranked second with $33.3598 million in daily net inflows, taking its cumulative total to $9.953 billion. The figures, reported by PANews and based on SoSoValue data, point to continued investor use of spot Bitcoin ETFs as a regulated route for Bitcoin exposure.

Terms & Concepts
  • spot Bitcoin ETF: Fund that directly holds Bitcoin
  • net inflow: Cash added minus money withdrawn