The inflow of Bitcoin spot ETFs has continuously surged for 11 days, confirming the positive trend and trust from institutional investors.
MAIN CONTENT
Bitcoin spot ETF has a chain of 11 consecutive days of positive net inflows.
The BlackRock IBIT fund leads with a total net inflow of nearly 56.5 billion USD.
The total net asset value of Bitcoin ETFs currently accounts for 6.51% of the BTC market capitalization.
What is the net inflow of Bitcoin ETF and what do market signs reflect?
The net inflow of Bitcoin ETF is the total value of money in minus money out of the Bitcoin spot ETF funds, reflecting the attractiveness and confidence of investors. According to the SoSoValue report on July 17, the ETF net inflow has flowed in for 11 consecutive days, affirming the positive sentiment and recovery momentum of the cryptocurrency market.
This means institutional investors are increasing their bets on Bitcoin through a safer investment channel compared to direct purchase, helping to enhance the credibility of the entire ecosystem.
How are the performances of major Bitcoin ETFs like BlackRock IBIT and Fidelity FBTC currently?
According to the latest data, the BlackRock IBIT fund leads with a net inflow in one day of 497 million USD, raising the total net inflow to 56.477 billion USD. The Fidelity FBTC fund also had a positive inflow of 7.832 million USD, with a total net inflow of 12.578 billion USD.
The continuous net inflow chain is clear evidence of institutional investors' confidence in Bitcoin's potential and BlackRock's leading role in the cryptocurrency ETF sector.
Nguyen Van An, Financial investment expert, 2024
What is the total asset value of Bitcoin ETFs compared to market capitalization?
The total net asset value (AUM) of Bitcoin ETFs currently stands at approximately 154.614 billion USD, accounting for 6.51% of the total Bitcoin market capitalization. This ratio shows that ETFs have become an indispensable part of the market's investment structure, contributing to improved liquidity and price stability.
The increasing presence of ETFs shows that professional and institutional investors are seeking effective, safer investment solutions through mainstream and transparent financial products.
Is the continuous inflow of Bitcoin ETF a sign of a new bull market?
The continuous inflow into Bitcoin ETFs is a positive sign; however, it is still necessary to consider other factors such as market fluctuations, macroeconomic factors, and the actions of Bitcoin whales. The data of 11 consecutive days of increase is the basis for expecting short-term recovery momentum, bringing optimistic sentiment from investors.
"Bitcoin ETF creates an effective investment channel, boosting the power of the cryptocurrency market in the current volatile period."
Tran Ngoc Chien, CEO of a cryptocurrency financial consulting firm, 2024
Comparison table of net inflows between BlackRock IBIT and Fidelity FBTC
Bitcoin ETF Net inflow on July 17 (USD) Total net inflow (USD) Notable features BlackRock IBIT 497 million 56.477 billion Largest capital, high reputation, strong market influence. Fidelity FBTC 7.832 million 12.578 billion Steadily growing, a formidable counterweight in the ETF market.
Frequently Asked Questions
Is Bitcoin ETF a safer investment channel than buying Bitcoin directly?
These ETF funds help investors access Bitcoin through mainstream financial products, minimizing technical risks, custody, and security issues related to direct holding.
Does the continuous increase in Bitcoin ETF net inflows guarantee that Bitcoin prices will rise?
Positive inflows are a positive signal reflecting confidence, but Bitcoin prices are also influenced by many other factors such as global market fluctuations and investor sentiment.
How does BlackRock IBIT affect the Bitcoin ETF market?
BlackRock IBIT, with leading capital, dominates the ETF cash flow trend and is a measure of institutional investor confidence in Bitcoin in the long term.
How often is Bitcoin ETF data updated?
Data is often monitored and updated daily or according to trading cycles, helping investors accurately grasp market fluctuations.
Do Bitcoin ETFs increase liquidity for the cryptocurrency market?
Yes, Bitcoin ETFs contribute to increasing liquidity, minimizing price fluctuations, and attracting new investors to the cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-hut-von-lien-tiep-11-ngay/
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