Spot Bitcoin ETFs draw $244 million in net inflows on Aug. 5

BlackRock's IBIT led with a $197 million daily inflow, while VanEck's HODL saw the largest outflow as total net assets stood at $79.206 billion.

Summary

Spot Bitcoin ETFs recorded $244 million in total net inflows on Aug. 5, U.S. Eastern time, SoSoValue data showed. BlackRock's IBIT brought in the largest daily inflow at $197 million, lifting its cumulative historical net inflows to $60.960 billion. Ark Invest and 21Shares' ARKB followed with $37.6304 million in daily net inflows, bringing its historical total to $1.346 billion. VanEck's HODL posted the largest daily net outflow at $14.6712 million, while its cumulative historical net inflows stood at $1.136 billion. As of publication, total net assets for spot Bitcoin ETFs were $79.206 billion, with an ETF net asset ratio (share of Bitcoin's total market value) of 6.09%, and cumulative historical net inflows had reached $51.951 billion.

Terms & Concepts
  • spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly.
  • net inflows: Money added to a fund after subtracting withdrawals.
  • net asset ratio: A fund sector's value relative to Bitcoin's market capitalization.