Bitcoin ETFs See Major Inflows of $404 Million in Three Days

In a three-day period ending August 8th, Bitcoin exchange-traded funds (ETFs) experienced significant inflows totaling $404 million. Key players contributing to this surge include BlackRock and Fidelity’s ETFs. Notably, BlackRock’s IBIT ETF accounted for $360 million in inflows, while Fidelity’s FBTC ETF contributed an additional $30.49 million. This influx represents a significant increase over the past few days, indicating growing institutional interest in Bitcoin.