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BlackRock, WisdomTree Bitcoin ETFs Dominate Daily Inflows
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BlackRock, WisdomTree Bitcoin ETFs Dominate Daily Inflows

Key Points

  • BlackRock’s IBIT led the way, attracting more than $157 million in net capital.
  • WisdomTree’s BTCW had a historic day with over $118 million, the largest inflow since its trading debut.

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BlackRock’s iShares Bitcoin Trust (IBIT) consolidated its market leadership on Aug. 8, attracting more than $157 million in net capital, according to data from Farside Investors. But the day’s standout was WisdomTree’s Bitcoin (BTCW) fund, which saw its largest single-day inflow since launch with more than $118 million.

US Spot Bitcoin ETF Flows on August 8 – Source: Farside Investors

Since its debut in January, BTCW has struggled to compete with other Bitcoin ETFs, with net capital never topping $20 million until Thursday’s surge. The fund’s total inflows now stand at $201 million, though this remains relatively small compared to its peers.

In addition to IBIT and BTCW, Bitcoin ETFs launched by Fidelity, ARK Invest/21Shares and VanEck also reported inflows. Other ETFs, excluding Invesco’s BTCO, saw zero flows.

Strong inflows into IBIT and BTCW efficiently offset the massive capital sucked out of the Grayscale Bitcoin ETF (GBTC). On Thursday, investors withdrew about $183 million from the fund, the largest since early April.

All in all, U.S. Bitcoin exchange-traded funds (ETFs) collectively attracted about $194 million in new investments on Thursday, continuing a streak of inflows after draining more than $300 million earlier this week.

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