BTC

In a remarkable display of investor confidence, Bitcoin spot ETFs recorded a total net inflow of $318.56 million yesterday, extending a streak of four consecutive days of positive inflows. This surge highlights the growing interest in Bitcoin as a mainstream investment vehicle.
BlackRock’s IBIT Takes the Lead with Record Inflow!
Leading the pack, BlackRock’s ETF, IBIT, achieved a staggering daily net inflow of $363.83 million, bringing its total historical net inflow to an impressive $40.48 billion. This positions IBIT as a frontrunner in the Bitcoin ETF market, showcasing its dominance and appeal among investors.
Grayscale Faces Challenges Amidst ETF Growth
While Bitcoin spot ETFs thrive, Grayscale’s GBTC experienced a net outflow of $30.59 million, contributing to a total historical net outflow of $21.89 billion. In contrast, the Grayscale Bitcoin Mini Trust ETF reported no outflows, maintaining a total historical net inflow of $1.23 billion.
Ark Invest and 21Shares Join the Inflow Party!
Not to be overlooked, Ark Invest and 21Shares’s ETF, ARKB, recorded a daily net inflow of $35.59 million, pushing its total historical net inflow to $2.95 billion. This further emphasizes the diverse options available for investors looking to capitalize on Bitcoin’s potential.
Total Net Asset Value Reaches New Heights!
As of now, the total net asset value of Bitcoin spot ETFs has soared to $119.66 billion, with an ETF net asset ratio of 5.94% relative to the overall market value of Bitcoin. The cumulative historical net inflow has now reached an astounding $40.50 billion, signaling robust market sentiment and continued growth in the cryptocurrency space.
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