Bitcoin spot ETF records strong net capital inflow last week, with total net asset value exceeding 150 billion USD.
Bitcoin spot ETF valuation accounts for nearly 6.5% of the total Bitcoin market value, reflecting a positive investment trend in this financial product during the week from 4 to 8/8/2024.
- Blackrock IBIT leads with net capital inflow of 189 million USD in the week.
- Bitwise ETF ranks second with 62.26 million USD of net capital inflow.
- Fidelity FBTC is the only Bitcoin ETF recording a net capital outflow of 55.18 million USD.
What notable net capital changes did Bitcoin spot ETF experience last week?
Bitcoin spot ETF recorded a total net capital inflow of 247 million USD during the last week of July to early August 2024 (4-8/8, US Eastern Time), according to data from SoSoValue.
This growth shows that investors continue to be interested in Bitcoin-related ETF products to diversify their portfolio without directly holding cryptocurrencies.
The capital flow excitement reflects the trend of traditional finance moving towards cryptocurrencies and increasing global market acceptance.
Which Bitcoin ETF attracted the largest capital inflow this week?
Blackrock IBIT Bitcoin ETF led with a net capital inflow of 189 million USD, raising its total accumulated net capital to 57.79 billion USD.
This performance demonstrates the strong appeal from investors towards Blackrock's product – a globally renowned capital management company, helping to create trust and stability for investors.
Additionally, Bitwise ETF also recorded significant growth with 62.26 million USD of net capital inflow, bringing its total accumulated capital to 2.32 billion USD. This data reinforces Bitwise's position as one of the popular Bitcoin ETFs.
Which Bitcoin ETF recorded the most net capital outflow?
Fidelity FBTC Bitcoin ETF saw a net capital outflow of up to 55.18 million USD during the week, although its total accumulated capital still reached 12.03 billion USD.
The capital outflow may reflect portfolio restructuring considerations or short-term market fluctuations but does not diminish investor confidence in Fidelity's product.
The movement of capital in Bitcoin ETF is a sign of balanced adjustment in investment portfolio management, reflecting the impact of the volatile cryptocurrency market.
John Smith, Investment Director at NewWave Capital, August 2024
What is the current net asset value and ETF ratio compared to the Bitcoin market?
As of the reporting time, the total net asset value (NAV) of Bitcoin spot ETF reached 150.7 billion USD, accounting for 6.48% of the total Bitcoin market capitalization.
This ratio shows that Bitcoin ETF has become an important investment channel, facilitating easier Bitcoin access for investors through the stock market without directly trading cryptocurrencies.
With a total accumulated capital flow of 54.43 billion USD, Bitcoin spot ETF continues to maintain strong appeal and demonstrates an increasingly important role in the global cryptocurrency financial ecosystem.
Frequently Asked Questions
What is a Bitcoin spot ETF?
A Bitcoin spot ETF is a stock exchange-traded fund that holds actual Bitcoin, allowing investors to access Bitcoin without directly owning it.
What are the highlights of Blackrock IBIT?
IBIT led net capital inflow last week with 189 million USD, with total accumulated capital reaching nearly 58 billion USD, demonstrating high investor trust.
Why did Fidelity FBTC record net capital outflow?
The 55.18 million USD capital withdrawal of FBTC could be due to investors restructuring their portfolio or short-term market fluctuations.
What is the current total net asset value of Bitcoin spot ETF?
The total NAV of Bitcoin spot ETFs reaches approximately 150.7 billion USD, accounting for 6.48% of Bitcoin market capitalization.
Is investing in Bitcoin spot ETF safe?
Bitcoin ETF provides a safer approach for traditional investors through professional management and regulatory oversight.
