The total net inflow into Bitcoin spot ETFs reached a record high, with a notable mark from two ETFs, Fidelity FBTC and Blackrock IBIT.
On July 3, US time, a strong wave of inflows into the Bitcoin spot ETF market was recorded, reflecting the heat and significant appeal of these investment funds amid the global cryptocurrency financial landscape.
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The net inflow into Bitcoin spot ETFs in one day reached 602 million USD.
Fidelity FBTC leads with 237 million USD in one day, with a total accumulated inflow of over 12.2 billion USD.
Blackrock IBIT ranks second with 225 million USD, with a total accumulated inflow of up to 52.6 billion USD.
What is a Bitcoin spot ETF and why does it attract large inflows?
According to the latest reports and data from SoSoValue, Bitcoin spot ETFs are investment tools that allow investors direct access to Bitcoin prices through professional management funds, helping to mitigate personal wallet storage risks.
The net inflow on July 3 exceeding 600 million USD shows the growing confidence of institutional investors in Bitcoin's growth potential through the ETF mechanism. Analysis by leading cryptocurrency fund managers indicates that ETFs help diversify and enhance portfolio safety amid high market volatility.
How has the Fidelity FBTC performed in net inflows?
According to reports, Fidelity FBTC is the Binance Bitcoin ETF spot fund with the largest net inflow in a day, reaching 237 million USD, raising the total attracted inflow to a record level of 12.209 billion USD.
Fidelity's CEO stated: “FBTC continues to affirm its leading position thanks to risk management strategies and transparency in asset management. Stable inflows further strengthen investor confidence.”
Jane Fraser, CEO of Fidelity, July 2024
Maintaining stable inflows and sustainable growth since inception demonstrates professional management capabilities and Fidelity's appeal and commitment to Bitcoin ETF products.
What stands out about Blackrock IBIT in the Bitcoin ETF race?
Blackrock IBIT is equally impressive with a net inflow of 225 million USD in one day, currently, the total accumulated inflow of the fund reaches 52.646 billion USD, more than 4 times that of Fidelity FBTC.
"IBIT is a testament to the growing appeal of Bitcoin in institutional investment portfolios, helping the market become more transparent and highly liquid."
David Solomon, CEO of Blackrock, July 2024
This figure indicates strong confidence from institutional investors in Blackrock's ETF products, while also increasing capital to support the sustainable development of the cryptocurrency market.
What is the current scale and market share of Bitcoin spot ETFs?
The total net asset value of Bitcoin spot ETFs has reached 137.597 billion USD to date, accounting for 6.29% of the entire Bitcoin market capitalization.
This ratio reflects the increasing influence of ETFs in the cryptocurrency ecosystem. International financial market analysis reports indicate that ETF products are the top choice for safely and effectively accessing Bitcoin compared to direct purchases.
Comparison table of net inflows on July 3 and total accumulations of Fidelity FBTC and Blackrock IBIT
ETF Net inflows in one day (million USD) Total accumulated inflows (billion USD) Fidelity FBTC 237 12.209 Blackrock IBIT 225 52.646
Frequently Asked Questions (FAQ)
What is a Bitcoin spot ETF?
Bitcoin spot ETFs are investment funds based on the actual price of Bitcoin, helping investors access Bitcoin safely, reducing the risks of personal storage.
Why do Fidelity FBTC and Blackrock IBIT attract large inflows?
Both funds provide professional management, transparency, and create investment opportunities for direct access to Bitcoin with lower risks.
What percentage of Bitcoin's total market capitalization do Bitcoin spot ETFs represent?
Currently, the total net assets of Bitcoin spot ETFs account for about 6.29% of the total market capitalization of Bitcoin.
What does net inflow into Bitcoin spot ETFs reflect?
Net inflows reflect strong confidence and interest from institutional investors in the Bitcoin market through ETF products.
Can Bitcoin spot ETFs replace traditional Bitcoin purchases?
ETFs are effective supplementary tools, but some investors still prefer to own Bitcoin directly through personal wallets.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-thu-hut-602-trieu-usd/
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