US spot Bitcoin ETFs just pulled in over $600 million in a single day, the kind of number that makes you wonder whether Wall Street has quietly decided Bitcoin is just another line item in a balanced portfolio.
The massive daily haul, recorded on August 20, marked the highest single-day net inflow since May 1. And it wasn’t a one-off burst of enthusiasm. It capped a four-day streak of positive flows totaling roughly $1.61 billion, pushing August’s month-to-date inflows past the $2 billion mark.
BlackRock running the table
If you’re guessing which fund led the charge, the answer is the same one it almost always is. BlackRock’s iShares Bitcoin Trust, ticker IBIT, vacuumed up approximately $503 million of the day’s inflows. That’s about 83% of the total, a dominance level that would make most competitors quietly rethink their marketing budgets.
Fidelity’s FBTC came in a distant second with around $65 million in net inflows. Bitwise’s BITB added roughly $26 million. ARK/21Shares’ ARKB managed a minor uptick, while VanEck’s HODL actually saw slight outflows.
