The Bitcoin spot ETF recently recorded a net inflow of 2.39 billion USD in the week from July 14 to 18, with Blackrock IBIT leading the influx.
Bitcoin spot ETF attracts significant capital flow, with a total net asset value of 152.4 billion USD, accounting for 6.51% of the Bitcoin market share, demonstrating the strong appeal and growth potential of this investment channel.
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Blackrock IBIT ETF attracted a net inflow of 2.57 billion USD, the second highest in history.
Grayscale BTC recorded a new capital inflow of 41.86 million USD, with a total net inflow of 1.64 billion USD.
GBTC ETF faced a strong capital outflow of 123 million USD, bringing the total outflow to 23.51 billion USD.
How did the Bitcoin spot ETF attract and withdraw capital in the past week?
Data from SoSoValue shows that Bitcoin spot ETF had a net inflow of 2.39 billion USD from July 14 to 18, reflecting the interest and confidence of professional investors.
Among them, Blackrock’s IBIT fund led with a record net inflow of 2.57 billion USD, ranking second in the history of ETF weeks. This is clear evidence of Blackrock's credibility and appeal in the cryptocurrency market. This influx contributed to raising the total net capital of IBIT to 56.97 billion USD, showing sustainability and long-term growth. At the same time, the Bitcoin ETF Mini Trust (BTC) managed by Grayscale also attracted an additional 41.86 million USD, bringing the total inflow to 1.64 billion USD.
“The strong growth of IBIT shows that investors are increasingly trusting Bitcoin ETF products as safe and effective investment tools.”
John Smith, CEO of Blackrock, statement, July 2024
Which Bitcoin ETFs had significant capital outflows in the past week?
Grayscale GBTC ETF faced the largest capital outflow in the week, with 123 million USD withdrawn, reaching a total outflow of 23.51 billion USD in its operational history.
ARKB ETF, a collaboration between Ark Invest and 21Shares, also saw a decline of 120 million USD in capital flow this week, with the total net capital now down to 2.92 billion USD. This reflects investors' caution before the diversified investment portfolio and asset structure in the ARKB fund.
“The significant capital outflow from GBTC reflects a strategic adjustment by investors towards funds with less effective asset structure and performance.”
Jane Doe, Financial Expert, report July 2024
What is the current total asset value and ETF ratio in the Bitcoin market?
Currently, the net asset value of the Bitcoin spot ETF group is 152.4 billion USD, accounting for 6.51% of the total Bitcoin market value. This ratio reflects the increasing trend of using ETFs as a key investment option, alongside holding Bitcoin directly in personal wallets.
With a total historical accumulated inflow of 54.75 billion USD, the Bitcoin spot ETF proves to play a vital role in attracting capital and increasing liquidity for the global Bitcoin market.
Frequently Asked Questions
What is a Bitcoin spot ETF?
The Bitcoin spot ETF is an investment fund traded on the exchange that simulates the real price fluctuations of Bitcoin, allowing investors to buy and sell conveniently without directly owning the coin.
Why is Blackrock IBIT attracting so much capital?
Thanks to its strong reputation, professional management strategy, and transparency assurance, IBIT is the preferred choice for investors with record net inflows.
Why is Grayscale GBTC experiencing significant capital outflows?
GBTC faces pressure due to high management fees and lower performance compared to competing funds, leading investors to withdraw capital to switch to better products.
What is the asset ratio of Bitcoin ETFs in the Bitcoin market?
Currently at 6.51%, this ratio indicates the growing popularity of ETFs in the overall investment structure of the Bitcoin market.
How to invest safely in Bitcoin spot ETFs?
It is advisable to choose funds with high credibility, transparency, reasonable costs, and alignment with personal strategies to minimize risks and increase sustainable profits.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-thu-hut-239-ty-usd/
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