The Bitcoin Spot ETF Explodes! Single-Day Net Inflow of $354 Million, Did You Miss It?

According to SoSoValue data, yesterday (Eastern Time, December 2), the Bitcoin spot ETF saw a massive inflow of funds, with a total net inflow of up to $354 million! The net asset ratio of the Bitcoin ETF also reached 5.49%, which means that more and more funds are starting to flow into Bitcoin, and bullish sentiment in the market is becoming increasingly strong.

Severe outflow from Grayscale GBTC

Despite the strong overall inflow of funds, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $28.11 million, with a historical total net outflow reaching $20.549 billion.

BlackRock takes the lead

The performance of BlackRock's Bitcoin ETF (IBIT) is quite eye-catching, with a single-day net inflow of up to $338 million yesterday, and a historical total net inflow reaching an astonishing $32.076 billion.

Clearly, BlackRock's Bitcoin ETF product, leveraging brand effect and market recognition, has become the darling of the market.

Fidelity

Following closely is Fidelity's Bitcoin ETF (FBTC), which also saw a net inflow of $25.135 million yesterday, with a historical total net inflow of $11.479 billion. This also proves the confidence of traditional financial giants in Bitcoin, and although the inflow amount is slightly less than BlackRock's, it is still sufficient to demonstrate its competitiveness in the market.

Overall, what does the strong performance of the Bitcoin spot ETF signify?

As of now, the total net asset value of the Bitcoin spot ETF has reached $103.909 billion, indicating that more and more institutional and individual investors are starting to view Bitcoin as an important asset allocation. The net inflow and market share of the Bitcoin ETF are also continuously rising, with both investor confidence and market participation increasing.

With the popularity of the Bitcoin spot ETF, the market demand for Bitcoin is clearly not diminishing, but rather showing a trend of acceleration. If you are still hesitating, perhaps you should consider getting on board early! After all, the ETF, as a bridge of traditional finance, is becoming the preferred way for more and more investors to access Bitcoin.