💥 #Bitcoin spot ETFs are seeing significant momentum. On August 23, they saw a substantial $252 million in net inflows—the largest single-day amount since July 23. The funds have been on a winning streak, recording net inflows for seven consecutive days.

However, Grayscale's GBTC faced a setback, with an outflow of $35.55 million, highlighting that not all players are benefiting. In contrast, its smaller ETF, the BTC mini, posted a positive inflow of $50.83 million.

At BlackRock, the IBIT ETF performed well, with an inflow of $86.83 million, while Fidelity's FBTC ETF followed closely, bringing in $63.99 million.

As of the latest data, the top five spot Bitcoin ETFs by assets under management (AUM) are led by Grayscale Bitcoin Trust (GBTC) with $21.4 billion in AUM. BlackRock's iShares Bitcoin Trust (IBIT) follows with $2.2 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) comes next with $1.34 billion, ARK's 21Shares Bitcoin ETF (ARKB) has $637 million, and Invesco Galaxy Bitcoin ETF (BTCO) rounds out the list with $295 million.

#BitcoinSpotETF #CryptoMarketMoves #BinanceBlockchainWeek #PowellAtJacksonHole