Spot Bitcoin ETFs recorded net inflows of $202.6 million on Aug. 26, according to data provided by Farside Investors. This is considered a major milestone in the world of crypto investing.

Total net inflows into spot Bitcoin ETFs broke a new record, exceeding $18 billion. This is interpreted as an indication that Bitcoin is attracting the attention of more and more institutional investors and the crypto market is finding more space in the traditional financial world.

Bitget Wallet COO Alvin Kan stated that investors’ interest and trust in Bitcoin has increased. Kan said, “Investors are probably turning to more stable assets,” and pointed out that investors’ risk perception has changed.

Emphasizing that considering the volatility of the cryptocurrency market, it is a logical choice to turn to more established and solid projects such as Bitcoin, Kan stated that this trend will positively affect the price of Bitcoin and the general stability of the markets.

Alvin Kan stated that he thinks that the increasing interest in spot BTC ETFs will increase the market value of Bitcoin in the long term, and this will also have positive effects on the overall cryptocurrency ecosystem.

Despite the volatility in the cryptocurrency market, the increase in demand for Bitcoin ETFs shows that investors act with a long-term perspective.

What is particularly notable is that the majority of these inflows into spot Bitcoin ETFs were driven by a single fund. BlackRock’s IBIT product stood out in this space, generating a total inflow of $224.1 million.

This shows how influential giant financial institutions such as BlackRock can be in the cryptocurrency market. Franklin Templeton’s EZBC and WisdomTree’s BTCW products also managed to attract investors’ attention, recording inflows of $5.5 million and $5.1 million, respectively.

However, some funds experienced net outflows. Bitwise’s BITB, Fidelity’s FBTC, and VanEck’s HODL funds saw outflows of $16.6 million, $8.3 million, and $7.2 million, respectively. These outflows can be considered as an indicator of general fluctuations in the market and the risk aversion tendencies of some investors. The remaining spot Bitcoin ETFs remained neutral, meaning there were neither inflows nor outflows.

Despite this increased demand for Bitcoin ETFs, Bitcoin’s price has fallen by 1.3% in the last 24 hours and is trading at $63,000 at the time of writing. The price decline contrasts with the increasing interest in spot Bitcoin ETFs, but may be considered a reflection of general market conditions and macroeconomic developments.

Alvin Kan, COO of Bitget Wallet, states that Bitcoin’s upward momentum largely depends on the interest policies of the US Federal Reserve. Kan, who thinks that especially interest rate cut expectations may have a positive impact on the crypto market, stated that this situation may contribute to the market becoming more active.

Arguing that Bitcoin could be in a stronger position in the long term if liquidity in the cryptocurrency market increases and investors gain more confidence, Kan emphasized that the decisions taken by central financial institutions in this process are also important.

On the other hand, while Bitcoin ETFs attract the attention of investors, the opposite is true for spot Ethereum ETFs. Spot Ethereum ETFs in the United States experienced a net outflow for the eighth consecutive day.

According to Farside Investors’ data, there was a total net outflow of $13.2 million from ETHE, FETH and EZET products. Ethereum lost 1.7% in value in the last day, falling to $ 2,700.