Capital inflow into Bitcoin ETFs has reached over $50 billion
Main content on the capital inflow into Bitcoin ETFs
On June 21, according to data from SoSoValue, the total net capital inflow into Bitcoin Exchange Traded Funds (spot ETFs) in one day (Eastern Time) reached over $6.36 million. The cryptocurrency market has witnessed strong interest from traditional investors, especially through Bitcoin ETFs.
Bitcoin ETF leads in net inflow for the day
Blackrock ETF IBIT is the Bitcoin ETF with the largest capital inflow in the past day, with a net amount of over $46.91 million. Since its launch, the total net capital of IBIT has exceeded $50.99 billion, showing great investor confidence in cryptocurrency-based derivative products.
Fidelity ETF saw net outflow
Meanwhile, Fidelity's FBTC ETF witnessed a capital outflow of over $40.55 million for the day. The total investment in FBTC has surpassed $11.45 billion since its inception. This reflects the divided opinions of investors regarding funds related to the Bitcoin market.
Overview of Bitcoin ETF asset value
Assessment of total net asset value
At the time of writing, the total net asset value of global Bitcoin ETFs reached over $126.54 billion. The net asset value to total market value ratio of Bitcoin is up to 6.14%.
Contribution of cumulative flow
The total accumulated net capital in the history of Bitcoin ETFs currently stands at over $46.66 billion. This is an indicator reflecting the increasing trust of the investor community in derivative products related to cryptocurrencies.
Assessment of cryptocurrency capital flow trends
The appeal of the Bitcoin ETF market
The capital flow into Bitcoin ETFs continues to increase, reflecting a clear acceptance from institutional and individual investors. These ETFs have become an important milestone in the development journey of the global cryptocurrency market, contributing to easier access for retail investors.
Future and cryptocurrency investment strategies
Looking at the current situation, analysts predict an increase in capital inflows into Bitcoin ETFs in the coming months. This opens up new opportunities, helping investors mitigate risks while maximizing the positive fluctuations of the global cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-etf-tiep-tuc-hut-von-9-ngay/
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