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U.S. spot Bitcoin ETFs saw $3.54 billion in net inflows in August, the largest monthly net inflow since July last year, Galaxy Digital head of research Alex Thorn said. Even so, the products remain in net outflow territory for the year to date, with cumulative outflows of $1.7 billion. According to a Galaxy Research chart, annual net inflows totaled $35.2 billion in 2024 and $21.3 billion in 2025.