Bitcoin ETFs Register Record Weekly Inflows

Bitcoin exchange-traded funds (ETFs) have recorded substantial inflows, signalling a potential bullish shift in the cryptocurrency market.

Bitcoin exchange-traded funds (ETFs) saw substantial inflows this week, indicating a potential bullish shift in the cryptocurrency market.

According to data from Spot On Chain, U.S. spot ETFs saw a continuous streak of inflows throughout the past week, totalling $506 million with no outflow day. This marks the highest weekly inflows for Bitcoin ETFs since March.

The week began with inflows of $62.1 million on Monday, driven by major players like BlackRock and Fidelity. Additional inflows were recorded throughout the week, with BlackRock leading the market with significant contributions.

On August 24, U.S. spot ETFs saw a single-day inflow totalling $252 million. Eight different ETFs contributed to this surge, and all reported positive flows with the major 5 ETFs recording over $20M inflows.

Meanwhile, Hong Kong’s spot ETFs experienced their highest inflow in over a month, with the ChinaAMC Bitcoin ETF receiving 274 BTC (around $15 million) on August 22. This surge underscores growing interest among Asian institutional investors.

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