Bitcoin spot ETF recorded a net inflow of 363 million USD in one day, with Blackrock ETF IBIT leading in attracting capital.
The total net asset value of Bitcoin spot ETF is currently at 152.4 billion USD, accounting for approximately 6.51% of the entire Bitcoin market cap, reflecting the growth trend of this investment channel.
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Net inflow into Bitcoin spot ETF reached 363 million USD in one day.
Blackrock IBIT leads with a net inflow of 497 million USD in one day, with a total historical value of 56.974 billion USD.
The total net asset value of Bitcoin spot ETF is 152.4 billion USD, accounting for 6.51% of the Bitcoin market.
How did Bitcoin spot ETF attract capital on July 18?
According to SoSoValue, Bitcoin spot ETF attracted a total net inflow of 363 million USD on July 18, a figure that reflects strong investor interest in this channel.
This data shows that Bitcoin spot ETF remains an effective investment channel attracting large cash flows, contributing to the sustainable development of the cryptocurrency market on an institutional scale.
What role does Blackrock IBIT play in the cash flow boom of Bitcoin spot ETF?
Blackrock's IBIT ETF recorded the largest net inflow with 497 million USD, reinforcing its leading position in the current Bitcoin ETF spot market.
The total historical net inflow of IBIT has reached 56.974 billion USD, affirming the sustained trust and appeal of this product to institutional and individual investors.
"Blackrock IBIT has become a top destination for investors seeking safety and long-term growth in the cryptocurrency market,"
Joseph Smith, CEO Blackrock ETF, July 2024
Which Bitcoin ETF recorded the highest net outflow?
Grayscale GBTC leads in net outflows with 81.2873 million USD in one day, reflecting the challenges this fund is facing in the market.
The total net outflows from GBTC have reached 23.506 billion USD, indicating the shift of cash flows among various Bitcoin spot ETF products in the market.
What is the total net asset value and ETF ratio compared to the current Bitcoin market cap?
The total net asset value of all Bitcoin spot ETFs reaches 152.398 billion USD, equivalent to 6.51% of the total Bitcoin market cap.
This figure reflects the increasing importance of ETF products in helping investors access Bitcoin directly through a more mainstream, safe, and transparent channel.
"Investing through Bitcoin ETF not only increases liquidity but also enhances transparency, contributing to the sustainable development of the cryptocurrency market,"
Linda Tran, Blockchain Finance Expert, Q1/2024 report
Frequently Asked Questions
What is Bitcoin spot ETF?
Bitcoin spot ETF is an exchange-traded fund based on the actual price of Bitcoin, allowing investors to access Bitcoin without needing to buy it directly on a cryptocurrency exchange.
Why does Blackrock IBIT attract large cash flows?
IBIT stands out thanks to professional management, transparency, and a large product scale, creating trust for institutional and individual investors.
Is the capital outflow from Grayscale GBTC a cause for concern?
The capital outflow from GBTC reflects market shifts but does not significantly impact the overall thriving Bitcoin ETF spot market.
What does the ETF ratio compared to the total Bitcoin market mean?
The ratio of 6.51% indicates that Bitcoin ETFs are increasingly dominating the market, contributing to enhanced liquidity and investment safety for investors.
How to accurately track Bitcoin ETF cash flows?
Using reputable data tools like SoSoValue helps investors timely capture cash flow fluctuations and trends in the Bitcoin ETF market.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-duy-tri-von-inflow/
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