BlackRock and Fidelity have aggressively invested $770 million in BTC ETFs, while Grayscale quietly retreats! Who is the winner in the institutional battle?
This week, BTC spot ETF saw a net inflow of $769.5 million, with a clear divergence in institutional fund movements: BlackRock's IBIT and Fidelity's FBTC saw inflows of $336.8 million and $248.4 million respectively, accounting for 78% of the total net inflow, confirming that leading institutions continue to bet on Bitcoin; emerging ETFs like ARK's ARKB and Bitwise's BITB also attracted tens of millions in funding, indicating a gradual increase in market participation. However, Grayscale's GBTC experienced an outflow of $84.9 million, possibly related to its high fees and product iteration pressures, while its mini BTC product saw an inflow of $22.3 million during the same period, suggesting that investors are shifting towards more efficient products.
Institutional funds are clearly positioning themselves in Bitcoin through ETFs, with significant net inflows from firms like BlackRock sending positive signals, but Grayscale's adjustment also indicates: the market is evolving, and inefficient products will gradually be eliminated. For retail investors, following institutional trends can be a reference, but one must beware that traffic does not equal quality; real opportunities are always hidden in the gaps of capital efficiency and product competitiveness.
The market is dull, come to me if you need to recover from liquidation, I'll give you the recovery password!
