US Spot Bitcoin ETFs Surpass $50 Billion in Net Inflows
US spot Bitcoin ETFs have reached a significant milestone, surpassing $50 billion in net inflows within 18 months of their launch in January 2024. This achievement reflects growing confidence in Bitcoin as a digital asset among investors and institutions.
Leading the Charge: BlackRock and Fidelity
BlackRock‘s iShares Bitcoin Trust ETF (IBIT) and Fidelity‘s Wise Origin Bitcoin Fund (FBTC) have led this surge, recording the highest net inflows. In contrast, Grayscale’s Bitcoin Trust ETF (GBTC) has seen notable outflows, indicating shifting investor preferences.
Bitcoin Dominates Digital Asset Inflows
Bitcoin accounts for nearly 83% of total net inflows into digital asset products, with Ethereum making up 16%. BlackRock‘s IBIT now holds over 55% of all BTC across spot Bitcoin ETFs, underscoring its market dominance.
Corporate Adoption Gains Momentum
Corporations are increasingly adding Bitcoin to their treasuries. Japan’s Metaplanet recently became the fifth-largest corporate holder, acquiring BTC worth $237 million. This trend highlights Bitcoin’s evolving role as a reserve asset.
Market Outlook: New Highs for Bitcoin and Ethereum
Bitcoin recently hit a record $112,000, while Ethereum has shown strong growth. Analysts predict Ethereum could reach $3,000 soon, signaling a bullish phase for cryptocurrencies.
