US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows of $244.4 million on Wednesday, continuing a three-day winning streak. Over this period, inflows reached $626 million, signaling renewed investor interest at the start of August.
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AAPLBlackRock’s dominant position
BlackRock, the world’s largest asset management company, remains the frontrunner among Bitcoin ETFs. Its iShares Bitcoin Trust attracted $479 million in inflows over the last three trading sessions, according to data from Farside Investors.
The fund’s total net inflows have climbed to nearly $61 billion, maintaining its leading role in the sector. No other US spot Bitcoin ETF matched BlackRock’s inflow figures during this recent period.
BlackRock’s iShares Bitcoin Trust drew $479 million in three days, pushing total net inflows near $61 billion and solidifying its position as the leading US spot Bitcoin ETF for this week.
Investors have steadily returned capital to BlackRock’s and other spot Bitcoin ETFs, underlining confidence in these products amid fluctuating market sentiment.
Bitcoin price holds steady, market remains cautious
Bitcoin’s price briefly surged above $64,920 on Wednesday as positive fund flows continued. By the close of the day, the leading cryptocurrency was trading near $64,744, representing a 0.7% gain over the previous 24 hours, based on data from CoinGecko.
Despite the rebound, market participants exhibited caution. The Crypto Fear and Greed Index, a widely referenced measure of investor sentiment in cryptocurrency markets, scored 25 on Wednesday, indicating persistent “Extreme Fear.” This marked a slight decline from the previous day’s score of 27.
The index tracks emotions and attitudes across the digital asset market, with lower values reflecting heightened fear among investors.
Mini dictionary: Crypto Fear and Greed Index, a metric that evaluates overall investor sentiment in the cryptocurrency market using factors such as volatility, trading volumes, and social media activity.
Ether and XRP ETFs diverge
Spot Ether ETFs also attracted fresh investment, with net inflows of $60.9 million on Wednesday. This marked the second consecutive day of positive flows, lifting their two-day total to $114.6 million.
In contrast, XRP ETFs reported net outflows of $3.58 million on Wednesday. As a result, total net assets in XRP ETFs dropped to $993.4 million. However, cumulative net inflows across all XRP ETF products remained positive at $1.51 billion.
| ETF | Net inflow/outflow (Wednesday) | Recent streak total | Total net assets |
|---|---|---|---|
| Bitcoin (all US spot ETFs) | $244.4 million (inflow) | $626 million (3 days) | N/A |
| BlackRock iShares Bitcoin Trust | Included above | $479 million (3 days) | Nearly $61 billion |
| Spot Ether ETFs | $60.9 million (inflow) | $114.6 million (2 days) | N/A |
| XRP ETFs | $3.58 million (outflow) | N/A | $993.4 million |
The differing trends across major crypto ETFs highlight varied investor sentiment. While both Bitcoin and Ether products saw meaningful gains, XRP ETFs lost ground as net assets declined for the week.
