Bitcoin spot ETFs saw net inflows of $987 million last week, marking three consecutive weeks of net inflows

Odaily Planet Daily reported that according to SoSoValue data, during last week's trading days (August 31 to September 4, Eastern Time), Bitcoin spot ETFs recorded net inflows of $987 million.

The Bitcoin spot ETF with the largest net inflows last week was Blackrock's ETF IBIT, with weekly net inflows of $692 million. IBIT's historical total net inflows currently stand at $64.06 billion. It was followed by Ark & 21 Shares ETF ARKB, which saw weekly net inflows of $138 million, bringing its historical total net inflows to $1.46 billion.

The Bitcoin spot ETF with the largest net outflows last week was Grayscale's Bitcoin Trust GBTC, with weekly net outflows of $47.9921 million. GBTC's historical total net outflows currently stand at $27.65 billion.

As of press time, the total net asset value of Bitcoin spot ETFs stands at $101.25 billion, with the ETF net asset ratio (market value as a percentage of Bitcoin's total market cap) at 6.33%. Historical cumulative net inflows have reached $55.62 billion.