#Bitcoin ETF surges#
Hot Topic Overview
Overview
Bitcoin spot ETFs have seen a continuous surge recently, with a net inflow of $1.96 billion last week alone. Among them, BlackRock's Bitcoin ETF IBIT topped the list with a net inflow of $746 million. As of now, the total net asset value of Bitcoin spot ETFs has reached $121.28 billion, with an ETF net asset ratio (market capitalization compared to Bitcoin's total market capitalization) of 5.85%. The cumulative net inflow to date has reached $38.18 billion.
Ace Hot Topic Analysis
Analysis
Recently, Bitcoin spot ETFs have performed strongly, with a net inflow of $1.96 billion last week. Among them, BlackRock's Bitcoin ETF IBIT saw the largest inflow at $746 million. As of now, the total net asset value of Bitcoin spot ETFs is $121.28 billion, with an ETF net asset ratio (market capitalization as a percentage of total Bitcoin market capitalization) of 5.85%, and a cumulative net inflow of $38.18 billion. It is worth noting that Grayscale Bitcoin Trust GBTC saw a net outflow of $87.68 million last week, with a total net outflow of $21.65 billion to date. Meanwhile, Ethereum spot ETFs saw a net inflow of $212 million last week, with BlackRock's Ethereum ETF ETHA leading with $151 million in inflows. As of now, the total net asset value of Ethereum spot ETFs is $12.66 billion, with an ETF net asset ratio (market capitalization as a percentage of total Ethereum market capitalization) of 2.99%, and a cumulative net inflow of $2.66 billion.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin spot ETFs continue to attract investor interest, with net inflows of $1.96 billion last week, of which BlackRock's IBIT saw net inflows of $746 million.
BlackRock and Fidelity, among other major institutions, have attracted significant inflows to their Bitcoin spot ETF products, boosting ETF asset values.
The net asset ratio for Bitcoin spot ETFs has reached 5.85%, indicating continued investor interest in cryptocurrencies.
Grayscale's Bitcoin Trust GBTC has seen net outflows, which may be related to investor concerns about the product's liquidity.