Bitcoin Spot ETFs See $244M Net Inflow, Third Straight Day of Buying

According to SoSoValue data cited by PANews, bitcoin spot ETFs recorded $244 million in net inflows on Aug. 5, extending the inflow run to three consecutive days. BlackRock's IBIT led all products with $197 million in daily net inflows, lifting its lifetime cumulative net inflow to $60.96 billion. Ark Invest and 21Shares' ARKB followed with $37.63 million, bringing its historical total to $1.346 billion. On the outflow side, VanEck's HODL saw $14.67 million leave the fund, the largest single-day outflow of any spot bitcoin ETF that day, while its cumulative net inflow remains at $1.136 billion. The combined net asset value of all spot bitcoin ETFs stood at $79.206 billion as of press time, equal to a net asset value ratio of 6.09% against the total bitcoin market capitalization. Since inception, the category has accumulated $51.951 billion in net inflows. All amounts are in U.S. dollars. PANews reported the figures on Aug. 6.