Bitcoin ETF have experienced a vigorous return of investor attention in the United States, indicated by net inflows exceeding one billion dollars in just two days.
This trend is occurring at a crucial moment for financial markets, where trust and innovation converge on the regulated market of digital assets.
Fidelity FBTC: leader in market inflow for Bitcoin ETF
After a brief setback with 342.2 million dollars in outflows on Tuesday, the American spot Bitcoin ETFs recorded one of the strongest rebounds of the year.
Only on Wednesday and Thursday, the net inflows exceeded 407.8 million dollars and 601.8 million dollars respectively, for a total that has abundantly surpassed one billion.
This change of course reflects a renewed confidence in the growth potential of the digital asset, fueled by institutional and retail operators who are looking with interest at regulated instruments.
Analyzing the data, the performance of Fidelity FBTC stands out, which has led in the last two days with inflows of 184 million dollars on Wednesday and 237.1 million dollars on Thursday.
While BlackRock’s flagship fund, IBIT, historically a protagonist for volumes and collection, experienced two unusual days at the beginning of July without new inflows, it then regained momentum with a significant 224.5 million dollars of inflow on Thursday.
These data confirm how Fidelity has been able to capture renewed allocative strategies of investors.
Since the launch of ETF spot Bitcoin in January 2024, the sector has generated over 14.5 billion dollars in net inflows, while the assets under management stand at around 128 billion dollars.
The IBIT fund by BlackRock dominates the sector with 73.6 billion dollars under management, quickly climbing the rankings of BlackRock’s historically highest-gathering funds.
On the revenue side, IBIT has become BlackRock’s third ETF with the most inflows, surpassing established equity funds and even generating more fee revenue than the iShares S&P 500.
According to Nate Geraci of NovaDius Wealth Management, IBIT is now a “machine” for the company, thanks to only one month of outflows since January and a steady momentum.
Unprecedented trading volume
During the week under review, transactions reached the monthly high: the trading volume of Bitcoin ETFs on Thursday stood at 5.3 billion dollars, with IBIT at 4.1 billion.
This positive trend in volumes once again highlights the central role that regulated instruments play in attracting institutional capital and making Bitcoin more accessible to traditional investors.
The long-term impact has already been tangible: since their market debut, these ETFs have accumulated over 1 trillion dollars in trading volumes, marking extraordinary growth for the regulated digital investment sector.
As interest in Bitcoin ETF grows, analysts foresee a possible even broader evolution of the market: the American SEC could approve new spot ETFs on Solana, XRP, and Litecoin in 2024 with an estimated probability of 95%.
This forecast marks a significant increase compared to the previous 90%, indicating growing confidence in the development of institutional crypto crypto ETFs.
Furthermore, experts believe that a crypto index ETF — which would replicate a multisectoral basket including various cryptocurrencies — could receive the green light as early as this week.
This scenario would offer investors diversified access to altcoin, encouraging the arrival of new players from the traditional world of finance.
Altcoin ETF expirations: most of the products on individual altcoins have a final term of October 2024.
Approval forecasts: 90% for tokens like Dogecoin and Cardano by the end of the year, but reduced probability for assets like Sui (60%) and Tron (50%).
According to Eric Balchunas of Bloomberg, the institutional push suggests a rapid acceleration in the introduction of new digital instruments.
In April, Balchunas highlighted how over 70 crypto ETFs are awaiting judgment at the SEC, including products on XRP, Litecoin, Solana, Dogecoin, and other derivatives.
The future evolution of digital assets and the role of Bitcoin ETF
The success of the regulated model of ETF Bitcoin is encouraging institutions and operators to consider an increasingly broad basket of digital assets.
Today, the range of ETFs in the approval or launch phase encompasses both leading sector assets — such as XRP, Solana, Litecoin, Dogecoin — and innovative proposals on crypto indices and derivatives.
As a result, investors find themselves at the center of a new season of opportunities, always supported by regulatory and transparency standards that encourage the arrival of new capital from more traditional environments.
The effectiveness demonstrated by ETF Bitcoin, evidenced by rapid inflows, record volumes, and the leadership of giants like Fidelity and BlackRock, is transforming the digital investment landscape.
On one hand, the approval of new products on other cryptocurrencies will raise the level of diversification and accessibility.
On the other hand, the growing trust in regulated instruments will help both retail and institutional investors to participate safely and transparently in a rapidly expanding market.
Looking ahead, the US market will remain a global reference for financial innovation on digital assets: it will therefore be essential to monitor the decisions of SEC and regulators, as well as the performance of the main spot ETFs.
This process will offer new growth opportunities to the entire ecosystem and will confirm the central role of Bitcoin ETF and future multi-asset extensions in the transformation of the global digital economy.
