#U.S. Spot Bitcoin ETF Sees Huge Inflows#
Hot Topic Overview
Overview
Recent inflows into the US spot Bitcoin ETF market have been massive, with net inflows reaching $802.6 million yesterday. Of this, $662 million flowed into BlackRock's ETF IBIT, while $136 million flowed into Grayscale Bitcoin Mini Trust BTC. Spot Ethereum ETFs also performed well, with net inflows of $74.4 million yesterday. This marks the fourth consecutive day of net inflows into US spot Bitcoin ETFs, with total net asset value reaching $123.59 billion, representing 5.88% of Bitcoin's total market capitalization.
Ace Hot Topic Analysis
Analysis
Recent inflows into the US spot Bitcoin ETF market have been significant, with yesterday's net inflow reaching a staggering $802.6 million. Of this, BlackRock's ETF IBIT recorded a single-day net inflow of $662 million, while Grayscale's Bitcoin Mini Trust BTC saw a net inflow of $136 million. This marks the fourth consecutive day of net inflows into US spot Bitcoin ETFs. As of now, the total net asset value of Bitcoin spot ETFs stands at $123.59 billion, representing 5.88% of Bitcoin's total market capitalization. The cumulative net inflow since inception has reached $38.98 billion.Meanwhile, Ethereum spot ETFs have also performed well, with yesterday's net inflow reaching $74.4 million. Analysts believe there is a strong positive correlation between fund inflows and Bitcoin prices, indicating investors' continued enthusiasm for Bitcoin.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US Spot BTC ETF sees massive inflows, with over $800 million in net inflows on a single day, indicating sustained investor confidence in Bitcoin.
BlackRock's ETF IBIT is the main target of inflows, with over $662 million in net inflows on a single day, and its historical total net inflows have reached $39.074 billion.
BTC ETF inflows are positively correlated with Bitcoin prices, providing an important reference indicator for investors.
The total net asset value of US Spot BTC ETFs has reached $123.59 billion, accounting for 5.88% of Bitcoin's total market capitalization, indicating its growing influence in the market.