Although there were initial withdrawals in early August, the demand for US spot Bitcoin exchange-traded funds (ETFs) has continued, resulting in a total weekly net inflow of $32.58 million on August 16th.
The net outflow of spot Bitcoin ETFs decreased from $80.69 million on August 2 to $169 million on August 9. Although the Grayscale Bitcoin Trust experienced an outflow of $72.9 million on August 16, spot Bitcoin ETFs nevertheless saw a net inflow of $36 million.
GBTC has been consistently losing funds, with a cumulative net outflow of $19.6 billion. The Grayscale Bitcoin Mini Trust ETF sustained its total net inflows of $288 million on August 16th, while the Fidelity Bitcoin Fund ETF garnered $61.3 million on the same date, increasing its total net inflows to $9.8 billion.
The iShares Bitcoin Trust ETF, overseen by BlackRock, experienced a significant net inflow of $20.38 million, increasing its cumulative total to $20.38 billion.
The spot Bitcoin ETFs have been consistently attracting significant inflows, resulting in a current net asset value of $54.35 billion.
