The daily net flows of Bitcoin ETFs in the U.S. on August 20, 2024, provide a snapshot of the changing dynamics in Bitcoin investment. Leading the charge, BlackRock’s IBIT saw a notable influx, gaining 1,571 BTC, which highlights strong investor confidence and brought its total holdings to 350,521 BTC.

Conversely, Grayscale’s GBTC experienced a significant outflow of 1,249 BTC, adjusting its holdings down to 229,181 BTC. This could indicate a shift in investor sentiment or a rebalancing of portfolios within the ETF.

Other notable movements include Bitwise’s BITB and Invesco Galaxy’s BTCO, which saw net outflows of 436 BTC and 226 BTC respectively. Meanwhile, Fidelity’s FBTC had a modest net inflow of 66 BTC, suggesting stable interest.

Overall, the total net flow across all listed U.S. Bitcoin ETFs showed a net decrease of 274 BTC, summing to a total of 906,914 BTC held. This reflects a day-to-day volatility in ETF movements, with a total value change of approximately -$33.9 million, indicating how fluid and responsive the Bitcoin ETF market can be to underlying market conditions and investor behavior.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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