Bitcoin Spot ETFs Draw $189M in Net Inflows; Hashdex's DEFI Starts Liquidation
AI Market Summary
Spot Bitcoin ETFs posted a $189M net inflow, led by BlackRock's IBIT (+$144M), reinforcing continued institutional demand and the relevance of the ETF channel (AUM ~$79.3B; 6.12% of BTC market cap). Offsetting noise, Hashdex's small DEFI ETF is liquidating and delisting due to limited scale and liquidity, implying minimal systemic impact but some near-term mechanical selling.
Impact level
● Medium
Affected assets
BTC/USDT-0.01%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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Bitcoin spot ETFs posted a combined net inflow of $189 million on Aug. 18 (U.S. Eastern Time), according to SoSoValue data cited by Odaily Planet Daily.
BlackRock's iShares Bitcoin Trust (IBIT) led the group with $144 million in single-day net inflows, lifting its cumulative net inflows to $61.4 billion. Fidelity's Wise Origin Bitcoin Fund (FBTC) ranked second, adding $23.92 million on the day and bringing total historical net inflows to $10.02 billion.
VanEck's Bitcoin ETF (HODL) recorded the largest single-day net outflow, with $16.92 million leaving the fund. HODL's cumulative net inflows stand at $1.07 billion.
Separately, Hashdex has begun winding down and liquidating its spot Bitcoin ETF, DEFI, citing factors including asset size, trading liquidity and operating costs. Trading on NYSE Arca halted on Aug. 17, with delisting expected shortly after. The fund started selling its remaining Bitcoin holdings on Aug. 18 and expects to distribute cash proceeds to shareholders around Aug. 24. Bloomberg data show DEFI had about $7.28 million in assets under management as of July 30.
As of the time of writing, spot Bitcoin ETFs held total net assets of $79.3 billion. The category's net asset ratio—ETF market capitalization as a share of Bitcoin's total market cap—stood at 6.12%, while cumulative net inflows reached $52.28 billion.