U.S. Bitcoin ETF surpasses $50 billion in net inflows... Just 18 months after launch

JOON HYOUNG LEE

Summary

Cointelegraph reported that the cumulative net inflows into U.S. spot Bitcoin ETFs have surpassed $50 billion.
BlackRock’s IBIT saw $53 billion in net inflows, while Fidelity’s FBTC reported $12.29 billion.
Bitcoin price hit a record high, surpassing $112,000 for the first time ever.

The cumulative net inflows into U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have surpassed $50 billion.

According to Cointelegraph on the 10th (local time), cumulative net inflows into spot Bitcoin ETFs exceeded $50 billion on this day. This milestone was reached just 18 months after their launch in January last year.

Specifically, BlackRock's IBIT alone saw net inflows of $53 billion. Fidelity's FBTC followed with net inflows totaling $12.29 billion. In contrast, Grayscale's GBTC recorded net outflows of $23.34 billion. Cointelegraph reported, "(GBTC) is the only spot Bitcoin ETF with cumulative net outflows."

Meanwhile, on the previous day (the 9th), the price of Bitcoin reached an all-time high, surpassing $112,000 for the first time ever. As of 3:32 PM that day, Bitcoin was trading at $111,327.53 on CoinMarketCap.

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