Bitcoin Spot ETFs: Sixth Straight Day of Inflows Led by ARKB and FBTC
I note that Bitcoin spot ETFs recorded $86.9145 million in net inflows on August 13 (US ET), marking a sixth consecutive day of positive flows.
ARK Invest/21Shares' ARKB led yesterday with $36.5789 million, while Fidelity's FBTC added $26.7005 million. Total ETF assets now stand at $158.643 billion, with ETF holdings representing 6.48% of Bitcoin's market value and cumulative net inflows of $54.757 billion.
I view these continued inflows as evidence of growing institutional demand and liquidity for Bitcoin, though concentration in top ETFs and broader market risks warrant monitoring.
Analysis
Recommendation
I recommend a buy exposure while managing position size and risk; monitor daily ETF flows and market volatility for confirmation and consider scaling in on pullbacks.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.