Bitcoin spot ETF inflows are booming! BlackRock makes big profits, Grayscale suffers net outflows!
On November 8, the Bitcoin spot ETF market ushered in an astonishing inflow of funds—the total net inflow reached US$293 million! Among them, BlackRock's IBIT ETF led the way, with a single-day inflow of US$206 million, and the total historical inflow has exceeded US$27.3 billion! In contrast, Grayscale ETF failed to enjoy this grand occasion. GBTC still maintained a net outflow status, with historical net outflows reaching US$20.188 billion.
However, the market is not all gloomy. Although there was no inflow yesterday, Grayscale’s Bitcoin Mini Trust ETF BTC had a cumulative net inflow of US$542 million, showing its solid performance among long-term investors. Fidelity's FBTC ETF should not be underestimated. Yesterday, it had a single-day inflow of US$33.5 million, and the cumulative inflow has exceeded US$10.7 billion.
As of now, the total net asset value of Bitcoin spot ETFs has climbed to US$78.908 billion, accounting for 5.21% of the total market value of the Bitcoin market, showing the popularity of this market. As funds continue to flow in, the influence of the ETF market becomes more and more significant. How it will affect the trend of Bitcoin in the future deserves our continued attention.
Follow Lao Chen closely, keep up with the market rhythm, and the future direction will be clearer!
