Bitcoin Spot ETFs Record $404M Net Inflow for Third Day, IBIT Leads
Bitcoin spot ETF net inflows reached $404 million on August 8, marking the third consecutive day of positive flows and the largest single-day investment since July 17. BlackRock’s IBIT led with a $360 million inflow, while Fidelity’s FBTC and Grayscale’s mini BTC saw $30.49 million and $13.41 million, respectively. Cumulative assets under management for IBIT and FBTC now stand at $57.786 billion and $12.028 billion. Total AUM of all Bitcoin spot ETFs climbed to $150.697 billion, or 6.48% of Bitcoin’s market cap, with historical net inflows of $54.426 billion. These sustained inflows signal growing institutional adoption and strong investor confidence in Bitcoin spot ETF products. Traders should monitor ETF net flows as a key market sentiment indicator, as continued demand may support Bitcoin price stability, though volatility persists.
Bullish
Large and sustained net inflows into Bitcoin spot ETFs reflect growing institutional demand, creating upward price pressure. In the short term, daily inflows boost liquidity and trading momentum, potentially driving Bitcoin prices higher. Over the long term, the continuous accumulation by major asset managers like BlackRock and Fidelity signals greater mainstream acceptance and deeper market liquidity, supporting a stable bullish outlook. While volatility remains, the ETF inflows provide a bullish foundation for both near-term rallies and long-term price appreciation.