Spot Bitcoin ETFs Post $88M in Inflows

The second day in a row has seen an inflow of funds into Spot Bitcoin ETFs this week, while Spot Ether ETFs have recorded a decrease in outflows after a negative trend lasting four days.

Based on data from SoSoValue, 12 Spot Bitcoin exchange-traded funds received a total of $88.06 million in inflows on August 21, showing a 42% increase compared to the previous day’s net inflow.

IBIT, managed by BlackRock, had the highest inflow at $55.4 million, bringing its total inflow since its launch to $20.53 billion. It was the only fund to record a second day in a row of inflows.

ARKB, managed by ARK 21Shares, followed with $51.9 million in inflows following a day of no activity.

However, these inflows were offset by GBTC managed by Grayscale, which saw outflows of $12.8 million, and BITB managed by Bitwise, which saw outflows of $6.5 million.