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27 August

US spot Bitcoin ETFs yesterday recorded a total of $202.51 million in daily net inflows, marking their eighth consecutive day of positive flows.

Over the past eight trading days, these 12 funds have attracted a total of $756 million in investments.

The largest net inflows on Monday came from BlackRock's IBIT fund, which took in a total of $224.06 million, its largest daily inflow since July 22, according to SoSoValue data.

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Two other funds, Franklin Templeton's EZBC and WisdomTree's BTCW, saw smaller net inflows of $5.52 million and $5 million, respectively.

The largest outflows on Monday were for Bitwise's BITB fund at $16.61 million, followed by Fidelity's FBTC at $8.33 million and VanEck's HODL at $7.18 million.

Trading volume in spot Bitcoin funds declined to $1.2 billion on Monday.

In contrast, Ethereum funds continued their downward trend, marking their eighth consecutive day of outflows.

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