Bitcoin spot ETF recorded strong net inflows last week, with total net asset value exceeding 150 billion USD.
The valuation of Bitcoin spot ETF accounts for nearly 6.5% of the total market value of Bitcoin, reflecting the active investment trend in this financial product during the week from 4 to 8/8/2024.
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Blackrock IBIT led with a net inflow of 189 million USD this week.
Bitwise ETF ranked second with a net inflow of 62.26 million USD.
Fidelity FBTC is the only Bitcoin ETF that recorded net outflows of 55.18 million USD.
What notable net capital changes did Bitcoin spot ETF experience last week?
Bitcoin spot ETF recorded a total net inflow of 247 million USD in the last week of July to the beginning of August 2024 (4-8/8, Eastern Time), according to data from SoSoValue.
This growth indicates that investors continue to be interested in Bitcoin-related ETF products to diversify their portfolios without needing to hold cryptocurrencies directly.
The dynamism in capital flow reflects the trend of traditional finance applications towards cryptocurrencies and the increasing acceptance in the global market.
Which Bitcoin ETF attracted the largest net inflow this week?
Blackrock IBIT Bitcoin ETF led with a net inflow of 189 million USD, raising the total accumulated net capital to 57.79 billion USD.
This achievement reflects strong investor appeal towards Blackrock's product – a globally reputable asset management company, helping to generate trust and stability for investors.
In addition, Bitwise ETF also recorded significant growth with a net inflow of 62.26 million USD, bringing the total accumulated capital to 2.32 billion USD. This data reinforces Bitwise's position as one of the popular Bitcoin ETFs.
Which Bitcoin ETF recorded the largest net outflows?
Fidelity FBTC Bitcoin ETF saw net outflows of 55.18 million USD during the week, although the total accumulated capital still reached 12.03 billion USD.
Outflows may reflect considerations for portfolio restructuring or the impact of short-term market fluctuations but do not diminish investor confidence in Fidelity's products.
The movement of capital in Bitcoin ETF is a sign of a balanced adjustment in portfolio management, reflecting the impact of the still volatile cryptocurrency market.
John Smith, Investment Director at NewWave Capital, August 2024
What is the current net asset value and ETF ratio compared to the Bitcoin market?
As of the reporting date, the total net asset value (NAV) of Bitcoin spot ETF reached 150.7 billion USD, accounting for 6.48% of the total market capitalization of Bitcoin.
This ratio indicates that Bitcoin ETF has become an important investment channel, facilitating investors to access Bitcoin more easily through the stock market without directly trading cryptocurrencies.
With a total accumulated capital of 54.43 billion USD, Bitcoin spot ETF continues to maintain significant appeal and demonstrates an increasingly important role in the global cryptocurrency financial ecosystem.
Frequently Asked Questions
What is Bitcoin spot ETF?
Bitcoin spot ETF is an exchange-traded fund that holds actual Bitcoin so that investors can access Bitcoin without needing to own it directly.
What are the highlights of Blackrock IBIT?
IBIT topped the net inflow last week with 189 million USD, with total accumulated capital reaching nearly 58 billion USD, demonstrating high investor reliability.
Why did Fidelity FBTC record net outflows?
The outflow of 55.18 million USD from FBTC may be due to investors restructuring their portfolios or short-term market fluctuations.
What is the current net asset value of Bitcoin spot ETF?
The total NAV of Bitcoin spot ETFs is approximately 150.7 billion USD, accounting for 6.48% of the Bitcoin market capitalization.
Is Bitcoin spot ETF safe for investment?
Bitcoin ETF provides a safer approach for traditional investors thanks to professional management and regulatory oversight.
Source: https://tintucbitcoin.com/etf-bitcoin-hut-rong-247-trieu-usd/
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