#Bitcoin ETF inflows exceed $800 million#
Hot Topic Overview
Overview
Recently, the US spot Bitcoin ETF market has seen a surge in capital inflows, with a record high of $803 million in net inflows yesterday. Among them, BlackRock's ETF IBIT saw net inflows of $662 million, while Grayscale's Bitcoin Mini Trust BTC saw $136 million in net inflows. Data shows that the total net asset value of spot Bitcoin ETFs has reached $123.59 billion, accounting for 5.88% of the total market capitalization of Bitcoin. At the same time, spot Ethereum ETFs also saw net inflows of $74.4 million. This trend suggests that investor confidence in the cryptocurrency market is strengthening, and the investment value of mainstream cryptocurrencies like Bitcoin and Ethereum is being recognized by the market.
Ace Hot Topic Analysis
Analysis
Recently, the US Bitcoin spot ETF market has witnessed a massive inflow of funds, with a daily net inflow of $803 million, setting a new historical high. Among them, the BlackRock ETF IBIT saw a net inflow of $662 million, becoming the most liquid spot ETF yesterday, with a total historical net inflow of $39.074 billion. Grayscale Bitcoin Mini Trust BTC saw a daily net inflow of $136 million, with a total historical net inflow of $1.096 billion. As of now, the total net asset value of Bitcoin spot ETFs is $123.59 billion, accounting for 5.88% of Bitcoin's total market capitalization, with a historical cumulative net inflow of $38.982 billion. Meanwhile, Ethereum spot ETFs have also seen inflows, with a daily net inflow of $74.4 million. Analysts pointed out that ETF fund flows have a significant positive correlation with BTC prices, and this can be used to subscribe to indicators to enable programs to automatically place orders based on fund flows.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin spot ETF inflows are massive, exceeding $800 million in net inflows in a single day, a new record.
BlackRock's IBIT ETF is the main source of inflows, with over $662 million in net inflows in a single day.
Bitcoin spot ETF inflows are positively correlated with Bitcoin prices, indicating that investor confidence in Bitcoin is growing.
The total net asset value of Bitcoin spot ETFs has exceeded $123.59 billion, representing 5.88% of the total Bitcoin market cap.