PiCK
U.S. Bitcoin Spot ETF Sees Net Inflow of ₩3.3 Trillion This Week… IBIT Alone Drives ₩3.5 Trillion
Summary
- Approximately ₩3.32 trillion in net inflows occurred in the U.S. Bitcoin spot ETF market this week.
- Notably, BlackRock’s IBIT led the overall inflow with a net inflow of ₩3.58 trillion.
- Most ETFs except IBIT experienced capital outflows, leading to analysis that BlackRock’s dominance is intensifying.
A total net inflow of $2,386,000,000 (about ₩3.32 trillion) was recorded in the U.S. Bitcoin (BTC) spot Exchange-Traded Fund (ETF) market this week. In particular, BlackRock’s IBIT drove the inflow with $2,569,000,000 (about ₩3.58 trillion).
On the 19th, the virtual asset (cryptocurrency) media outlet BlockBeats, citing data from Farside Investors, reported this development. According to the report, $2,569,000,000 flowed into BlackRock’s Bitcoin ETF IBIT, which is greater than the total net inflow for the week.
Meanwhile, Fidelity’s FBTC saw a net outflow of $48,700,000, and ARK Invest’s ARKB also lost $119,600,000. Grayscale’s GBTC recorded a net outflow of $122,500,000, continuing the capital outflow trend.
Additionally, Bitwise’s BITB ($18,000,000), Invesco’s BTCO ($7,100,000), Franklin’s EZBC ($6,800,000), VanEck’s HODL ($30,900,000), WisdomTree’s BTCW ($3,100,000), and Grayscale Mini BTC ($41,900,000) saw slight inflows.
In contrast, when excluding IBIT, other ETFs recorded a net outflow totaling $183,000,000 this week. The market analysis suggests that, given the outflows from most ETFs except IBIT, BlackRock’s dominance is strengthening.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
