Bitcoin Spot ETFs Record $987 Million Net Inflow for the Third Straight Week

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Bitcoin breaking news: Bitcoin spot ETFs recorded $987 million in net inflows for the week of August 31 to September 4, marking the third consecutive week of gains. BlackRock’s IBIT led with $692 million in inflows, while Grayscale’s GBTC experienced a $47.99 million outflow. Total net assets reached $101.25 billion, with a net asset ratio of 6.33%. Bitcoin news reflects ongoing institutional interest in the asset class.

ME News reports that, as of September 7 (UTC+8), according to SoSoValue data, Bitcoin spot ETFs recorded a net inflow of $987 million during the previous trading week (US Eastern Time, August 31 to September 4).

Last week, the Bitcoin spot ETF with the highest net inflow was BlackRock's IBIT, with a weekly net inflow of $692 million; IBIT's total historical net inflow now stands at $64.06 billion. Second was Ark & 21 Shares' ARKB, with a weekly net inflow of $138 million; ARKB's total historical net inflow now stands at $1.46 billion.

Last week, the Bitcoin spot ETF with the largest net outflow was Grayscale Bitcoin Trust (GBTC), with a weekly net outflow of $47.99 million, bringing GBTC's total historical net outflow to $27.65 billion.

As of the time of writing, the total net asset value of spot Bitcoin ETFs is $101.25 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.33%, and cumulative net inflows reaching $55.62 billion.(Source: SoSoValue)

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