Bitcoin Spot ETF Market Reaches New Milestone with Positive Capital Inflows
Capital inflows into Bitcoin ETFs continue to grow
On June 18, according to U.S. time, SoSoValue's data reported that the Bitcoin spot ETF recorded a net inflow of $390 million. This marks the eighth consecutive day of inflows into this product, demonstrating the growing interest of investors in the cryptocurrency market. Major funds like BlackRock IBIT were primarily responsible for the $279 million inflow, raising the total net asset value to $50.951 billion. Fidelity FBTC also noted an inflow of $104 million, increasing the total assets to $11.497 billion.
Net withdrawal transactions and total value of Bitcoin ETFs
Meanwhile, Grayscale GBTC experienced a capital outflow of $16.356 million, bringing total assets down to $23.243 billion. The total net asset value of direct Bitcoin ETFs currently stands at $127.425 billion, accounting for about 6.12% of the total global cryptocurrency market value. The market is witnessing significant capital flow shifts, reflecting the increasing confidence of institutional investors.
The impact of capital inflows on the global cryptocurrency market
The continuous growth of Bitcoin ETFs helps reinforce demand, contributing to the value of Bitcoin. Investors are increasingly paying attention to indirect investment products via ETFs, which help mitigate risks and optimize digital asset accumulation strategies. With such a large inflow of capital, the market is expected to see many positive fluctuations in the near future, opening up new opportunities for the investor community.
Source: https://tintucbitcoin.com/dong-tien-etf-bitcoin-vuot-390-trieu-usd-lien-tiep-8-ngay/
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