Institutions are going crazy with a net inflow of 72,901,881,882! BlackRock has once again become the 'King of Fundraising'
The continuous decline of Bitcoin may have alarmed retail investors, but institutions are quietly buying! In the past four days, the U.S. spot Bitcoin ETF has been like a cheat code—net inflows exceeded $1.068 billion, which is equivalent to nearly $2 billion entering the market daily to buy Bitcoin!
Who is leading the charge?
BlackRock's IBIT directly 'takes over': a single fund attracted $877 million, accounting for over 82%! This is not just 'leading the pack'; it's a 'crushing' performance. It should be noted that IBIT has gathered a staggering $7.56 billion in just the last month, clearly a favorite among institutions.
Dark horse BITB unexpectedly breaks out: The asset management newcomer Bitwise's BITB saw an inflow of $67.9 million in four days. Although this amount is less than a fraction of IBIT, it is impressive for a small to medium-sized fund to break through amid the pressure from giants.
Bitcoin has recently corrected, but its total market cap remains stable above $2.1 trillion, with ETF holdings accounting for over 6%. Institutions are clearly betting on a medium to long-term rebound.
The weakening dollar assists: The dollar index has plummeted by 9% since the beginning of the year, and funds are urgently seeking anti-inflation assets, leading to a re-evaluation of Bitcoin's 'digital gold' property.
Regulatory green lights flashing: The SEC's ambiguous stance on Bitcoin ETFs has led the market to expect an accelerated process of cryptocurrency financialization.
Although Bitcoin's price is still fluctuating, the continued inflow into ETFs has revealed institutions' bottom line—they are not concerned about short-term ups and downs but are hoarding chips for the next bull market.
Especially for traditional asset management giants like BlackRock, once heavily invested, they cannot easily retreat.
Now, instead of chasing prices and making hasty trades, retail investors should pay close attention to ETF fund flows, as the big institutions' capital is the real fuel driving asset prices.
The upcoming layout direction, with an expected space of over 10 times, is not a problem. Like + comment, and let’s work together to layout the entire bull market!
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