The total cash flow into the Bitcoin spot ETF in one day reached 218 million USD, demonstrating strong appeal from investors in the cryptocurrency market.
The Bitcoin spot ETF continues to attract attention with a net asset value reaching nearly 140 billion USD, accounting for over 6% of the total Bitcoin market capitalization.
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Net cash flow into the Bitcoin spot ETF on July 9 recorded 218 million USD.
Blackrock's IBIT ETF leads with 126 million USD in net cash flow for the day.
The total net asset value of the Bitcoin spot ETF currently stands at 139.389 billion USD, accounting for 6.33% of Bitcoin's market capitalization.
How did the Bitcoin spot ETF attract cash flow on July 9?
According to data from SoSoValue, the Bitcoin spot ETF recorded a net cash flow of 218 million USD on July 9 (Eastern US time), demonstrating the active buying and selling by investors. This is a significant influx of money, illustrating the growth trend of the financial product based on Bitcoin.
Which ETF leads in net cash flow for one day and what is its current asset value?
Blackrock's IBIT ETF leads with 126 million USD in net cash flow on July 9, raising the total cumulative to 53.003 billion USD. This is an impressive figure, reflecting investor trust in this fund.
"The remarkable growth of IBIT demonstrates Blackrock's leading position in the cryptocurrency ETF market."
Quoted from the Vice President of Investment Strategy Blackrock, 2024
Next is the ARKB fund – a collaborative product between Ark Invest and 21Shares, achieving 56.9577 million USD in net cash flow in one day, raising the total cumulative to 2.748 billion USD.
What is the total net asset value and proportion in Bitcoin capitalization of the Bitcoin spot ETF currently?
As of now, the total net asset value of the Bitcoin spot ETF is 139.389 billion USD, accounting for 6.33% of the total Bitcoin market capitalization. This data helps assess the impact and scale of ETFs on the Bitcoin market.
"The growth of the Bitcoin spot ETF contributes to liquidity and encourages traditional investors' participation in the cryptocurrency market."
Director of Market Analysis Digital Asset Research, 2024
Comparing cash flow and total assets of some leading Bitcoin spot ETFs
ETF Net cash flow in one day (million USD) Total cumulative net cash flow (billion USD) IBIT (Blackrock) 126 53.003 ARKB (Ark Invest & 21Shares) 56.958 2.748
Frequently Asked Questions
What is a Bitcoin spot ETF? A Bitcoin spot ETF is an exchange-traded fund based on the actual value of Bitcoin, allowing investors to access the market without directly owning the coin. Why does IBIT attract so much cash flow? IBIT is owned by Blackrock, a reputable large fund manager, which enhances trust and creates strong appeal among investors. What percentage of Bitcoin capitalization does the ETF occupy? The Bitcoin spot ETF currently occupies about 6.33% of the total Bitcoin market capitalization, indicating significant influence. What does net cash flow mean for investors? High net cash flow indicates increasing demand and investor confidence in that financial product. Is the Bitcoin spot ETF safe for investors? ETFs managed by reputable institutions are closely monitored, helping to reduce risks compared to directly holding Bitcoin.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-lien-tuc-hut-von-2/
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