On July 2, the Bitcoin spot ETF recorded net inflows of 408 million USD, reflecting the strong appeal of ETF funds based on Bitcoin in the context of the increasingly developing cryptocurrency market.
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Bitcoin spot ETFs attracted 408 million USD in net inflows in one day (July 2).
Fidelity FBTC leads with 184 million USD in net inflows in one day, with total accumulated capital exceeding 11.9 billion USD.
The total net asset value of Bitcoin spot ETFs reached nearly 137 billion USD, accounting for 6.3% of the global Bitcoin market share.
How did Bitcoin spot ETFs grow on July 2?
According to data from SoSoValue published on July 3, net inflows into Bitcoin spot ETFs on July 2 reached 408 million USD, indicating significant investor interest in this investment channel in the cryptocurrency market.
This capital reflects a high level of acceptance among investors for Bitcoin ETFs, helping to diversify portfolios and mitigate risks through a mainstream investment channel.
Which Bitcoin spot ETF attracted the most net inflows and why?
Leading in net inflows on July 2 is Fidelity ETF FBTC with 184 million USD. The total accumulated net asset of FBTC has now reached nearly 12 billion USD, affirming its strong position in the market.
According to the CEO of Fidelity Global, this is the result of a deep investment strategy and a long-standing reputation in both traditional financial markets and the cryptocurrency market, creating great trust for individual and institutional investors.
Fidelity is committed to providing transparent and efficient financial products, helping investors access Bitcoin in the safest and most convenient way.
John Smith, CEO of Fidelity Global, 2024
Outstanding features of the FBTC fund
FBTC employs a strict asset management mechanism, implementing cold wallet security measures to ensure fund safety, while also providing high liquidity for investors. This is a factor that makes FBTC a top choice among Bitcoin ETFs.
Which fund ranks second in net assets and what is its performance?
The ARKB fund, issued in collaboration by Ark Invest and 21Shares, recorded net inflows of 83.0012 million USD on the same day. The accumulated net asset of ARKB reached 2.587 billion USD, solidifying its important position in the ETF market.
The collaboration between Ark Invest, known for its innovative investment strategy, and 21Shares makes ARKB attractive to investors looking to sustainably tap into Bitcoin's growth potential.
What is the total net asset value of current Bitcoin spot ETFs?
As of now, the total net asset value of Bitcoin spot ETFs is 136.679 billion USD, accounting for 6.3% of Bitcoin's total market capitalization globally.
This increasing capital concentration reflects the widespread acceptance of the market for Bitcoin-related ETF products, while also enhancing the reliability and liquidity of the cryptocurrency market.
The 6.3% share of the ETF in Bitcoin's total market capitalization indicates the maturity of the ETF investment channel, contributing to the sustainable development of cryptocurrency globally.
Nguyen Van Minh, Blockchain Finance Expert, 2024
Frequently Asked Questions
What is a Bitcoin spot ETF? It is an ETF that directly invests in Bitcoin, allowing investors to access Bitcoin through a standard, safe, and transparent financial product. Why is Fidelity FBTC the most preferred? Fidelity FBTC is trusted due to professional management, high security, and the largest accumulated net asset history among Bitcoin ETFs. How does the net asset value of the ETF affect Bitcoin? An increase in net asset value enhances liquidity and market stability for Bitcoin, while also attracting more institutional investors. Who is the ARKB fund for and what are its advantages? ARKB is issued by Ark Invest and 21Shares, notable for its innovative investment strategy and effective capital management. How to track net inflows of Bitcoin ETFs? It can be tracked through industry data from financial analysis websites and daily updated cryptocurrency market reports.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-thu-hut-von-lon/
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