Bitcoin ETFs attract $606 million on August 20

Spot Bitcoin ETFs are once again attracting significant capital. On 20 August, net inflows amounted to $606 million, marking the fourth consecutive day of positive inflows. Ethereum ETFs are also showing a similar run, with net inflows of $221 million on the same day. Bitcoin itself is trading at $77K at the time of writing, up 8.3% in the past 24 hours.

Bitcoin is available at OKX and Bybit.

In brief:

• Bitcoin ETFs posted positive net inflows for the fourth consecutive day, totalling $606 million on 20 August.
• Ethereum ETFs show the same trend, with $221 million in net inflows on 20 August.
• Bitcoin is up 8.3% in 24 hours and is trading at $77K.

Four consecutive days of inflows for Bitcoin ETFs

According to data from WuBlockchain, a total of $606 million flowed into spot Bitcoin ETFs on 20 August (US time). This is the fourth consecutive day of positive inflows, a run that points to sustained demand from institutional investors.

The total net assets of all spot Bitcoin ETFs combined now stand at $90.16 billion. Earlier this week, Bitcoin ETFs already attracted $517 million, with BlackRock leading the list. The ongoing run suggests that interest from major players was not a one-off.

Ethereum ETFs follow the same pattern

In addition to Bitcoin, spot Ethereum ETFs are also showing a positive run. On 20 August, $221 million flowed in net, also marking the fourth consecutive day of positive inflows. That is notable, especially given reports that large Ethereum wallets have been shrinking for three months.

The simultaneous inflows into both Bitcoin and Ethereum ETFs point to broader interest in digital assets through regulated investment products. Bitcoin broke through $76.000 earlier this week and continues its advance towards the current price of $77K.