Bitcoin ETFs Flip to $170.1M of Inflows on Aug. 3 — But BlackRock’s IBIT Supplied 65.5% of It
U.S. spot Bitcoin ETFs experienced a net inflow of $170.1 million on August 3rd, a significant shift from the previous session's outflow. However, BlackRock's iShares Bitcoin Trust (IBIT) accounted for approximately 65.5% of these inflows, highlighting a concentration of investment in a single fund. While seven out of twelve funds saw positive flows, the overall recovery is tempered by the dominance of IBIT, with other funds contributing smaller amounts.
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