PiCK

Bitcoin Spot ETF Sees $2.756 Billion Inflows Last Week... Mostly BlackRock

Uk Jin

Summary

Bitcoin spot ETF increased by $2.756 billion last week.
BlackRock IBIT accounted for 88% of the total net inflow with $2.438 billion.
Fidelity FBTC and Ark Invest ARKB recorded $210 million and $101 million, respectively.

While Bitcoin (BTC) showed strength last week, there was also a significant increase in net inflows into Bitcoin spot exchange-traded funds (ETFs).

According to TraderT on the 25th (local time), the total net inflows recorded by Bitcoin spot ETFs last week amounted to $2.756 billion. This was thanks to five consecutive trading days of net inflows starting with $667.4 million on the 19th.

The product that recorded the largest net inflow among Bitcoin spot ETFs was BlackRock IBIT. BlackRock IBIT accounted for 88% of the total with a net inflow of $2.438 billion. It was followed by Fidelity FBTC (+$210 million) and Ark Invest ARKB (+$101 million).

BTC