Bitcoin ETFs See Influx of +601 BTC on August 21 as BlackRock Adds +933 BTC

BTC

BTC/USDT

$77,275.56

-0.90%

$77,275.56

-0.90%

(24s)

24h Volume

$16,161,684,128.71

24h H/L

$78,229.22 / $76,464.00

Change: $1,765.22 (2.31%)

Long/Short

62.3%

Long: 62.3%Short: 37.7%

Funding Rate

+0.0032%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$77,372.52

▲ 1.05%

Volume (24h): -

Resistance Levels

Resistance 3$82,300.00

Resistance 2$80,034.46

Resistance 1$77,934.07

Price$77,372.52

Support 1$77,082.93

Support 2$75,691.76

Support 3$74,000.01

Pivot (PP):$77,199.04

Trend:Uptrend

RSI (14):55.3

**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.

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.