Bitcoin spot ETF recorded net cash flow of up to $404 million in just one day, demonstrating strong investor appeal.
The total net asset value of Bitcoin spot ETF currently stands at nearly $151 billion, accounting for 6.48% of Bitcoin market capitalization, with products like Blackrock IBIT and Fidelity FBTC leading in cash flow.
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Net cash flow into Bitcoin spot ETF reached $404 million on August 8.
Blackrock IBIT leads with $360 million in capital in one day.
The net asset value of Bitcoin spot ETF reaches $150.7 billion, accounting for 6.48% of Bitcoin's market capitalization.
How attractive is Bitcoin spot ETF's cash flow on August 8?
Net cash flow into Bitcoin spot ETF on August 8 reached $404 million according to SoSoValue data, indicating a high level of interest from institutional and individual investors.
Statistical data shows a strong influx of capital into Bitcoin ETFs, contributing to liquidity and growth in the related cryptocurrency market. This is a positive sign for the stability and attractiveness of ETFs in the cryptocurrency investment channel.
How do Blackrock IBIT and Fidelity FBTC contribute to this trend?
Blackrock IBIT leads with $360 million in net cash flow in just one day, raising total accumulated cash flow to $57.786 billion.
Fidelity FBTC ranks second with $30.489 million in net cash flow in one day, with a total accumulation of $12.028 billion. These two products play a leading role in attracting investment into Bitcoin ETF, reinforcing the financial position of the cryptocurrency ETF market.
Large net cash flow into Bitcoin spot ETF reflects confidence as well as the trend of increasing investment directed towards digital assets globally.
Cryptocurrency financial analyst, Nguyen Hoang Minh, 2024
What is the current total net asset value and proportion of ETF in Bitcoin market capitalization?
The total net asset value of Bitcoin spot ETF reaches $150.697 billion, equivalent to 6.48% of the overall Bitcoin market capitalization, reflecting the increasingly important position of ETFs in the cryptocurrency value chain.
With a total accumulated cash flow of $54.426 billion, Bitcoin ETF is not only a flexible investment product but also a factor helping diversify the cryptocurrency market and attract more mainstream capital.
Bitcoin ETF is acting as a vital bridge between traditional markets and cryptocurrency, driving the stable development of the digital asset ecosystem.
Assessment from the cryptocurrency market report Q2/2024
Frequently asked questions about Bitcoin spot ETF
What is Bitcoin spot ETF?
Bitcoin spot ETF is an exchange-traded fund designed to reflect the real price of Bitcoin, allowing investors to access Bitcoin easily through traditional stock exchanges.
How does net cash flow affect Bitcoin ETF?
Positive net cash flow reflects net buying by investors, contributing to the increase in asset value and liquidity of the ETF.
How do Blackrock IBIT and Fidelity FBTC differ?
Both are reputable Bitcoin ETFs, but Blackrock IBIT reports larger cash flow and significantly higher total net asset value compared to Fidelity FBTC.
What does the ratio of ETF assets to Bitcoin market capitalization mean?
This index indicates the portion of Bitcoin market capitalization represented by ETFs, reflecting the level of influence and popularity of this investment channel in the market.
How to invest in Bitcoin spot ETF?
Investors can buy shares of Bitcoin spot ETF through stock exchanges that offer this product without needing to buy Bitcoin directly.
Source: https://tintucbitcoin.com/bitcoin-spot-etf-hut-von-404-trieu-usd/
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