Inflows into Bitcoin spot ETFs last week reached 770 million USD, indicating strong interest from professional financial investors.
Bitcoin spot ETF has recorded significant growth in asset scale and net inflows, with leading products such as Blackrock's IBIT and Fidelity's FBTC, while GBTC has the largest outflows.
MAIN CONTENT
Net inflows into Bitcoin spot ETFs last week reached 770 million USD.
Blackrock's IBIT leads with 337 million USD in inflows.
GBTC had the largest outflows of the week, totaling nearly 85 million USD.
How have net inflows into Bitcoin spot ETFs been in the recent week?
Official data shows that net inflows into Bitcoin spot ETFs from June 30 to July 3 reached 770 million USD, confirming a positive trend for this investment instrument. According to SoSoValue, professional investment capital continues to flow strongly into reputable products.
This figure not only reflects the confidence of institutional investors but also shows that Bitcoin is increasingly being widely accepted as a mainstream investment asset.
Which Bitcoin spot ETF had the largest inflows last week?
Blackrock's IBIT attracted the largest inflows with 337 million USD last week, bringing the total accumulated inflows to 52.65 billion USD. Fidelity's FBTC also saw significant growth with 248 million USD, totaling 12.21 billion USD.
IBIT continues to assert its leading position by providing reliability and good performance, continuously attracting large inflows.
Charles Li, CEO of Blackrock ETF, 2024
The success of IBIT and FBTC reflects the ability to attract institutional investors thanks to professional management and transparency, aligned with the trend of diversifying cryptocurrency investment portfolios.
Which Bitcoin spot ETF has the highest outflows?
While most funds attract capital, Grayscale's GBTC recorded strong outflows of 84.95 million USD last week. The total historical outflows of GBTC exceed 23.33 billion USD, reflecting the challenge of retaining investors.
The outflows from GBTC stem from various factors, including strong competition from new ETF funds, transparency, and lower fees.
Rachel Adams, Cryptocurrency Financial Expert, 2024
GBTC still has a significant asset base, but competitive pressure requires the fund to have an improvement strategy to maintain its long-term position.
What is the total size and Bitcoin ownership rate by spot ETFs currently?
As of now, the total net asset value of Bitcoin spot ETFs is 137.6 billion USD, accounting for 6.29% of the total Bitcoin market capitalization. This demonstrates the rapid development of ETFs in attracting investment capital.
In total, historical net inflows into Bitcoin spot ETFs exceed 49.64 billion USD, reflecting the stability and long-term growth potential of this investment channel in the global cryptocurrency market.
Comparison table of inflows and sizes of prominent Bitcoin spot ETFs
ETF Net Inflows Weekly Total Accumulated Inflows Management Fee Rate IBIT (Blackrock) 337 million USD 52.65 billion USD 0.20% FBTC (Fidelity) 248 million USD 12.21 billion USD 0.35% GBTC (Grayscale) -84.95 million USD -23.33 billion USD (outflows) 0.50%
Frequently Asked Questions
What is a Bitcoin spot ETF? A Bitcoin spot ETF is an exchange-traded fund based on the actual price of Bitcoin, allowing investors to access Bitcoin through the stock market safely and conveniently. Why is IBIT preferred over GBTC? IBIT has lower management fees and a transparent mechanism, attracting institutional investors compared to GBTC, which has higher fees and higher risks. How does net inflow affect Bitcoin prices? Net inflows into ETFs create buying pressure for actual Bitcoin, helping prices rise and increasing market liquidity. What risks are associated with Bitcoin spot ETFs? Risks include Bitcoin price volatility, legal risks, and fund management, which need to be carefully evaluated before investing. Are Bitcoin spot ETFs suitable for individual investors? ETFs are a safe and convenient option for individual investors who want to participate in the cryptocurrency market without needing a digital wallet.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-hut-von-770-trieu-usd/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
