Matrixport: Bitcoin ETF capital inflows are concentrated in leading institutions, reflecting that institutional demand is stronger than the widespread participation of retail investors

Planet Daily News: Matrixport released a chart today stating that in 2025, Bitcoin ETF net capital inflows will be only slightly above zero, despite a strong performance at the beginning of the year with nearly $5.5 billion in inflows. This phenomenon is quite unexpected, as Bitcoin has outperformed US tech stocks this year, and gold has also reached a historic high. It is worth noting that the total net inflow of Bitcoin ETFs is $35.5 billion, with BlackRock accounting for $39.6 billion and Fidelity accounting for $11.4 billion, together occupying the vast majority of shares. In comparison, the inflows from other ETF issuers are relatively limited. This suggests that the current buying is more likely to come from specific institutional customer groups, rather than being driven by widespread retail investor funds - if the latter were the case, capital inflows would be more evenly distributed among ETF providers.