HedgeCo.Net — U.S. spot bitcoin ETFs recorded $314.3 million of net inflows on Tuesday, August 25, according to Farside Investors’ issuer table. TFTC’s August flow table, which compiles the same Farside series, put the session at $314.4 million. The one-tenth difference is rounding. Print Farside’s $314.3 million as the session total.
BlackRock’s IBIT led with $284.4 million. Fidelity’s FBTC added $15.4 million, Grayscale’s Bitcoin Mini Trust $7.0 million, Morgan Stanley’s MSBT $4.5 million, and Bitwise’s BITB $3.0 million, Farside and TFTC both show. The remaining products in the Farside table printed zeros. No issuer on that tape showed a net outflow for the session.
The August 24 session, already on this desk at $337.6 million, was the sixth straight inflow day. August 25 is the seventh, counting August 17 through 25 and skipping the weekend. Do not re-headline last week’s $1.92 billion week wrap or Monday’s $337.6 million as if they were new. The new object is Tuesday’s $314.3 million and IBIT’s $284.4 million share of it.
Concentration is the story inside the total. IBIT accounted for about 90% of the session. That is a BlackRock print with a thin supporting cast, not a broad-issuer bid. FBTC’s $15.4 million is a step down from the $104.6 million it posted on August 24.
Allocators should keep Farside as the tape, keep $314.3 million as Tuesday’s net, and keep the streak at seven sessions. Anyone marking the complex as tired after Monday’s $337.6 million is a session behind IBIT.