BeInCrypto
Bitcoin ETFs Post $606 Million Inflow, Biggest Since May 1
xCruzo Brief
Spot Bitcoin exchange-traded funds logged $606.29 million in net inflows on August 20, the biggest single-day haul since May 1, extending a four-day buying streak. Spot Ethereum ETFs added $221 million the same day, also keeping a four-day run. Combined inflows over the period follow $517.19 million on August 19, $189.30 million on August 18 and $297.56 million on August 17, bringing cumulative net inflows for the Bitcoin ETF category to $53.40 billion. Bitcoin traded around $75,524 as the broader market rallied, and the move coincided with short liquidations that squeezed bearish positions. BlackRock’s IBIT led with $502.99 million, more than 80% of the day’s total.
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