Inflows into Bitcoin ETFs Reach Highest Level in 3 Months

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On August 2, the 12 Bitcoin exchange-traded funds in the US experienced their largest outflow in one day since May 1, which was over 90 days (and 60 trading days) ago.

According to data from SoSoValue, the total value of outflows on August 2 was $237.45 million, the highest since the outflows of $563.77 million on May 1, and the fourth highest since the ETFs were first launched in January.

Grayscale’s recently-launched Bitcoin Mini Trust was one of the two funds that received inflows, with an additional $9.88 million in funds.

The other fund that saw an inflow was BlackRock’s IBIT, which received nearly $43 million.