BlackRock And Fidelity Lead Bitcoin ETFs To 5-Week High Inflows Of $250 Million
US spot Bitcoin ETFs (exchange-traded funds) recorded 5-week high net inflows of over $250 million on Aug. 23, with the investment products belonging to BlackRock and Fidelity leading the way. According to data from Soso Value , BlackRock’s IBIT and Fidelity’s FBTC posted the highest inflows. Grayscale’s GBTC was the only product that recorded outflows at $35 million, although its mini Bitcoin fund registered $50 million in inflows. Bitwise Says Bitcoin ETFs Lead In Institutional Adoption Despite Retail Traders Holding Most Of The AUM Coinshares data shows that Bitcoin-related ETPs (exchange-traded products) were the best-performing among all crypto investment products, totaling $543 million last week. Most of this inflow came from BlackRock’s IBIT, which saw $318 million during this period. Bitwise’s chief investment officer Matt Hougan said in an Aug. 21 thread on X that Bitcoin ETFs are the “fastest-growing ETFs of all-...