Let's consider the coin $BTC Weekly Review of Bitcoin ETF: Strong Inflow Continues 📈
Last week, there was an impressive net inflow of 770 million dollars into Bitcoin ETFs, highlighting ongoing institutional interest! IBIT from BlackRock led with a weekly inflow of 337 million dollars (total now 52.65 billion dollars), while FBTC from Fidelity followed with 248 million dollars (reaching a total of 12.21 billion dollars).
Meanwhile, GBTC from Grayscale experienced an outflow of 84.95 million dollars, with the total outflow now amounting to 23.33 billion dollars.
The total net asset value of all Bitcoin ETFs stands at an impressive 137.6 billion dollars, representing 6.29% of Bitcoin's total market value. The cumulative net inflow has reached 49.64 billion dollars.
This strong institutional demand coincides with Bitcoin trading consistently above 108,000 dollars, even reaching 109,700 dollars in the last hours! Price dynamics and ETF flows indicate sustained confidence among institutional investors in Bitcoin's long-term value.