**Bitcoin ETFs Witness Significant Inflows as BlackRock Adds 933 BTC**
On August 21st, onchain data revealed a notable influx of +601 BTC into Bitcoin ETFs. BlackRock led the charge by adding +933 BTC to its Bitcoin-holding wallets, showcasing growing institutional interest in the cryptocurrency. In contrast, Bitwise, Invesco Galaxy, and Grayscale experienced outflows of -109 BTC, -214 BTC, and -9 BTC, respectively.
Despite these outflows, the overall balance of Bitcoin held by ETFs reached an impressive 908,515 BTC. This surge underscores the increasing adoption and trust in Bitcoin ETFs as a key investment vehicle in the cryptocurrency market.
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The momentum observed in these transactions highlights the dynamic nature of the Bitcoin ETF market, with institutions like BlackRock continuing to play a pivotal role in shaping its landscape.