๐๐ฅโ ๏ธOn August 13, Bitcoin ETFs experienced a net inflow of $39 million ๐ธ, indicating increased investor interest in Bitcoin exposure through exchange-traded funds ๐. $BTC ๐โคด๏ธ๐ช ๐๐๐
BlackRock's IBIT led the way with a significant inflow of $34.7 million ๐, followed by Fidelity's FBTC and Bitwise's BITB with inflows of $22.6 million and $16.5 million, respectively ๐ฐ.
In contrast, Grayscale's GBTC saw a substantial outflow of $28.7 million โฌ๏ธ, while Grayscale's mini BTC and Ark's ARKB experienced smaller outflows of $0 million and $6.1 million, respectively ๐.
These net flows suggest that investors are actively allocating funds to Bitcoin ETFs, with a preference for BlackRock's IBIT and Fidelity's FBTC ๐ค. The outflows from Grayscale's GBTC may indicate a rotation of funds to other ETF options or a reduction in exposure to Bitcoin ๐.
Overall, the net inflow of $39 million demonstrates continued investor interest in Bitcoin and the growing demand for ETFs as a convenient and accessible way to gain exposure to the cryptocurrency market ๐.
