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US spot Bitcoin ETFs see $838 million in inflows…institutional buying sentiment improves

Source
YM Lee
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Summary

  • Spot Bitcoin ETFs recorded net inflows of $838.82 million, with institutional demand said to be driving the market.
  • Inflows were concentrated in major products, including BlackRock’s IBIT at $646.62 million and Fidelity’s FBTC at $125.39 million.
  • With spot ETF inflows resuming, downside pressure on Bitcoin prices has eased, while expectations of a medium- to long-term rise and a rebound in institutional risk appetite have come back into focus.
Photo=Trader T
Photo=Trader T

Large-scale inflows into spot Bitcoin ETFs have resumed, with institutional demand once again driving the market. Led by products from BlackRock and Fidelity, net inflows topped $800 million in a single day, signaling a rapid improvement in investor sentiment.

According to compiled data released on the 14th (local time) by Trader T, total net inflows across spot Bitcoin exchange-traded funds (ETFs) came to $838.82 million on the day.

By product, BlackRock’s iShares Bitcoin Trust (IBIT) recorded $646.62 million in net inflows, accounting for the bulk of total additions. Fidelity’s Wise Origin Bitcoin ETF (FBTC) took in $125.39 million, while ARK Invest’s ARKB added another $27.04 million.

In addition, Bitwise’s BITB saw $10.60 million, Franklin’s EZBC $5.64 million, VanEck’s HODL $8.28 million, and Grayscale Bitcoin Trust (GBTC) $15.25 million in net inflows, respectively. By contrast, Invesco’s BTCO, Valkyrie’s BRRR, WisdomTree’s BTCW and the Grayscale Mini Bitcoin Trust (BTC) recorded no change in flows.

Market participants say the renewed inflows into spot ETFs—centered on major asset managers—have eased downside pressure on Bitcoin prices and brought longer-term upside expectations back into focus. In particular, continued inflows led by traditional finance players such as BlackRock and Fidelity suggest institutional investors’ risk appetite is recovering.

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YM Lee

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