๐ **Bitcoin ETFs Soar with $39.4M Inflows Amid Market Fluctuations!**
Hey BTC enthusiasts! ๐ Despite a 55% drop in net inflows compared to the previous day, Bitcoin ETFs are still making waves! Grayscaleโs Bitcoin Mini Trust led the pack with a whopping $14.2 million in net inflows, followed closely by Fidelityโs FBTC and Bitwiseโs BITB, attracting $10.7 million and $10 million, respectively.
BlackRockโs IBIT, the largest spot Bitcoin ETF by net assets, also saw a solid $8.4 million in inflows. Meanwhile, Franklin Templetonโs EZBC and Invesco Galaxyโs BTCO brought in $3.5 million and $2.5 million.
Interestingly, Grayscaleโs Bitcoin Trust was the only ETF to record outflows, losing $9.8 million on August 21. Despite this, trading volumes for the 12 Bitcoin ETFs surged to $1.42 billion, up from $1.35 billion the previous day.
Since their launch in January, spot Bitcoin ETFs have amassed an impressive $17.56 billion in net inflows, showcasing unprecedented institutional adoption. ๐
Stay bullish, Bitcoiners! ๐๐ฐ