The positive inflows into ETFs from major players like Fidelity and BlackRock highlight the growing confidence in these investment vehicles.
Bitcoin spot exchange-traded funds (ETFs) have continued to attract investor interest despite previous weekly significant outflows experienced earlier in August.
On Aug. 16, data from SoSoValue revealed that the total weekly net inflow for spot Bitcoin ETFs reached $32.58 million, a sharp contrast to the outflows seen in the previous weeks. On Aug. 2, the net outflow for spot Bitcoin ETFs was $80.69 million, while on Aug. 9, the outflow reached a substantial $169.03 million.
However, the total net inflow for spot Bitcoin ETFs on Aug. 16 reached $36.015 million, contrasting sharply with GBTC’s net outflow of $72.9033 million on the same day. While GBTC has been experiencing a continuous fund hemorrhage, spot Bitcoin ETFs are witnessing robust inflows, signaling a possible shift in investor preference.
