Bitcoin spot ETFs took in $98.85 million in net inflows on Aug. 7 (Eastern Time), according to data from SoSoValue, with BlackRock's IBIT contributing the largest share of that total. IBIT recorded $86.71 million in single-day net inflows, bringing its cumulative net inflow to $61.18 billion. Fidelity's FBTC followed with $40.95 million in the same period, reaching $10.04 billion in cumulative net inflow. On the outflow side, the BTCO fund issued by Invesco and Galaxy Digital lost $19.37 million on the day, the biggest redemption among all U.S. spot bitcoin ETFs. As of press time, the combined net asset value of all bitcoin spot ETF products stood at $79.5 billion, with a net asset ratio of 6.1% versus the total bitcoin market cap. Historical cumulative net inflows across the category have reached $52.18 billion.
Bitcoin spot exchange-traded funds recorded net inflows of $98.85 million on Aug. 7 (Eastern Time), according to data from SoSoValue.
BlackRock's IBIT led the day with $86.71 million in net inflows, bringing the fund's cumulative net inflow to $61.18 billion. Fidelity's FBTC followed with $40.95 million in daily net inflows, pushing its historical cumulative total to $10.04 billion.
On the outflow side, the BTCO fund from Invesco and Galaxy Digital saw $19.37 million in net redemptions, the largest among all bitcoin spot ETFs on the day. BTCO's cumulative net inflow stands at $152 million.
As of press time, total net asset value across all bitcoin spot ETFs stood at $79.5 billion. The ETF net asset ratio, measured against bitcoin's overall market capitalization, came in at 6.1%. Cumulative net inflows across the category since launch reached $52.18 billion.
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