Bitcoin ETFs See $517.67M Daily Inflows: BlackRock’s IBIT Dominates with $60.62B in Assets
The Bitcoin ETF market is buzzing with activity as daily inflows hit a staggering $517.67 million, reflecting strong investor interest and confidence in Bitcoin-backed financial products. Leading the charge is BlackRock’s IBIT, boasting a massive $60.62 billion in net assets, followed by Fidelity’s FBTC with $22.52 billion. With total Bitcoin ETF net assets now accounting for 5.92% of Bitcoin’s market capitalization, the momentum continues to grow.
Bitcoin ETFs: A Snapshot of Growth and Market Impact
According to data from SoSoValue, Bitcoin ETFs collectively reported $517.67 million in daily net inflows and a cumulative net inflow of $39.94 billion. The total net assets in the sector have reached $123.06 billion, highlighting the increasing role of ETFs in Bitcoin’s ecosystem.
BlackRock’s IBIT Leads the Pack
BlackRock’s IBIT ETF, traded on NASDAQ, maintains its position as the market leader with $60.62 billion in net assets. The fund recorded a $155.69 million daily inflow and a 1.55% price increase. Fidelity’s FBTC ETF, listed on CBOE, follows with $22.52 billion in net assets and a $186.07 million daily inflow, also gaining 1.54% in price.
Other key players include Grayscale’s GBTC ETF, which holds $21.22 billion in net assets. Although it recorded no daily inflows, it experienced a 1.55% price increase despite showing a cumulative net outflow of $21.75 billion.
Grayscale and ARKB ETFs Make Gains
Grayscale’s GBTC isn’t alone in the spotlight. The ARKB ETF, traded on CBOE and managed by Ark & Co, reported $5.41 billion in net assets with a $168.71 million daily inflow. The fund’s market price also rose 1.54%, underscoring the sector’s bullish sentiment.
Bitwise Suffers Outflows, While Invesco’s BTCO Gains
Not all funds saw net inflows. Bitwise’s BITB ETF faced a $8.60 million daily outflow but still recorded a 1.51% price increase. On the other hand, Invesco’s BTCO ETF gained traction with $830 million in net assets and a 1.54% daily price increase.
Meanwhile, VanEck’s HODL ETF reported $1.52 billion in net assets and a 1.35% daily price gain, while Valkyrie’s BRRR ETF showed promising growth with $931.18 million in net assets and a $52.15 million cumulative inflow.
WisdomTree and Franklin ETFs Join the Trend
WisdomTree’s BTCW ETF, with $425.10 million in net assets, recorded a 1.39% price increase, while Franklin’s EZBC ETF posted $805.69 million in net assets with a 1.50% daily price gain. These results reflect the increasing adoption of Bitcoin ETFs as a mainstream financial instrument.
Conclusion: Bitcoin ETFs Surge as Institutional Interest Grows
The surge in daily inflows to Bitcoin ETFs signals strong institutional and retail investor interest in Bitcoin as an asset class. BlackRock’s IBIT and Fidelity’s FBTC lead the pack, while smaller players like Valkyrie, VanEck, and Invesco continue to gain traction.
As Bitcoin ETFs now represent 5.92% of Bitcoin’s market capitalization, they are playing an increasingly pivotal role in bridging traditional finance with the crypto world. With more funds joining the market and competition heating up, Bitcoin ETFs are well-positioned to shape the future of cryptocurrency investment.
Stay tuned for more updates as Bitcoin ETFs continue to set records and attract investors worldwide. This is a space to watch.
