#Bitcoin ETF inflows surpass $1.9 billion#
Hot Topic Overview
Overview
Bitcoin spot ETFs saw net inflows of $1.96 billion last week, with BlackRock's Bitcoin ETF IBIT leading the way with $746 million in net inflows. This week (January 17th), Bitcoin spot ETFs saw total net inflows of $1.076 billion, with BlackRock's ETF IBIT seeing $376 million in net inflows and Fidelity's ETF FBTC seeing $326 million in net inflows. To date, the total net asset value of Bitcoin spot ETFs is $121.28 billion, with an ETF net asset ratio (market cap as a percentage of Bitcoin's total market cap) of 5.85%. The total cumulative net inflows have reached $38.18 billion.
Ace Hot Topic Analysis
Analysis
Recently, Bitcoin spot ETF inflows have continued to climb, with net inflows reaching $1.96 billion last week. BlackRock's Bitcoin ETF IBIT topped the list with net inflows of $746 million. As of now, the total net asset value of Bitcoin spot ETFs is $121.28 billion, with the ETF net asset ratio (market cap relative to Bitcoin's total market cap) reaching 5.85%. The historical cumulative net inflows have reached $38.18 billion. It is noteworthy that Grayscale's Bitcoin Trust GBTC saw net outflows of $87.68 million last week, with a total net outflow of $21.65 billion to date. Additionally, Ethereum spot ETFs saw net inflows of $212 million last week, with BlackRock's Ethereum ETF ETHA leading with inflows of $151 million. Overall, the continued inflows into Bitcoin and Ethereum spot ETFs indicate that institutional investors' confidence in the cryptocurrency market is increasing, and the future development of the market is worth looking forward to.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin spot ETFs continue to be favored by institutional investors, with net inflows of $1.96 billion last week, a new record high.
BlackRock's Bitcoin ETF IBIT and Ethereum ETF ETHA were the top performers, becoming the ETFs with the highest net inflows for Bitcoin and Ethereum last week.
Grayscale's Bitcoin Trust GBTC and Ethereum Trust ETHE continued to experience net outflows, reflecting investors' lack of confidence in traditional cryptocurrency management companies.
The net asset ratio of Bitcoin spot ETFs has reached 5.85%, indicating that institutional investors' interest in the cryptocurrency market is steadily growing.