Bitcoin Spot ETF Records Net Inflow of Up to 404 Million USD in Just One Day, Demonstrating Strong Investor Attraction.
The total net asset value of Bitcoin Spot ETF currently reaches nearly 151 Billion USD, accounting for 6.48% of Bitcoin market capitalization, with products like Blackrock IBIT and Fidelity FBTC leading in capital inflow.
- Net capital inflow into Bitcoin Spot ETF reached 404 Million USD on 8/8.
- Blackrock IBIT led with 360 Million USD capital in one day.
- Net asset value of Bitcoin Spot ETF reached 150.7 Billion USD, accounting for 6.48% of Bitcoin market capitalization.
How Attractive Was the Bitcoin Spot ETF's Capital Inflow on 8/8?
The net capital inflow into Bitcoin Spot ETF on 8/8 reached 404 Million USD according to SoSoValue data, showing a high level of interest from institutional and individual investors.
Statistical data demonstrates strong capital injection into Bitcoin ETFs, contributing to supporting liquidation and related cryptocurrency market growth. This is a positive sign for the stability and attractiveness of ETFs in cryptocurrency investment channels.
How Did Blackrock IBIT and Fidelity FBTC Contribute to This Trend?
Blackrock IBIT led with 360 Million USD net capital inflow in just one day, raising the total accumulated capital to 57.786 Billion USD.
Fidelity FBTC ranked second with 30.489 Million USD net capital inflow in one day, with a total accumulation of 12.028 Billion USD. These two products demonstrate a dominant role in attracting investment capital into Bitcoin ETF, helping to consolidate the financial position of the cryptocurrency ETF market.
Large net capital inflow into Bitcoin Spot ETF reflects confidence and the increasing trend of digital asset-oriented investment on a global scale.
Cryptocurrency Financial Analyst, Nguyen Hoang Minh, 2024
What is the Total Net Asset Value and ETF Proportion in Bitcoin Market Capitalization?
The total net asset value of Bitcoin Spot ETF reaches 150.697 Billion USD, equivalent to 6.48% of the overall Bitcoin market capitalization, reflecting the increasingly important position of ETF in the cryptocurrency value chain.
With a total accumulated capital of 54.426 Billion USD, Bitcoin ETF is not just a flexible investment product but also a factor helping the cryptocurrency market become more diversified and attract more mainstream capital.
Bitcoin ETF is acting as an important bridge between traditional markets and cryptocurrency, promoting stable development of the digital asset ecosystem.
Assessment from Q2/2024 Cryptocurrency Market Report
Frequently Asked Questions About Bitcoin Spot ETF
What is Bitcoin Spot ETF?
Bitcoin Spot ETF is an exchange-traded fund designed to reflect the actual price of Bitcoin, helping investors easily access Bitcoin through traditional stock exchanges.
How Does Net Capital Inflow Affect Bitcoin ETF?
Positive net capital inflow reflects net investor purchases, contributing to increasing ETF asset value and liquidation.
How Are Blackrock IBIT and Fidelity FBTC Different?
Both are reputable Bitcoin ETFs, but Blackrock IBIT records a larger capital flow scale and significantly higher total net asset value compared to Fidelity FBTC.
What Does the Ratio of ETF Assets to Bitcoin Market Capitalization Mean?
This index indicates the portion of Bitcoin market capitalization represented by ETF, showing the level of influence and popularity of this investment channel in the market.
How to Invest in Bitcoin Spot ETF?
Investors can buy Bitcoin Spot ETF shares through stock exchanges offering these products without directly purchasing Bitcoin.
