Bitcoin ETFs saw a record inflow yesterday, with total net inflows reaching $1.114 billion, according to Wu Blockchain. This surge reflects growing investor confidence in the cryptocurrency market as Bitcoin (BTC) continues its upward trend.

BlackRock Leads with Record Turnover and Investment Inflows

BlackRock’s IBIT ETF led the inflow, recording a daily net inflow of $756 million and achieving a record daily turnover of $4.65 billion. This dominance highlights investor confidence in traditional financial giants entering the crypto market.

Additional Contributions from Fidelity and Other ETFs

Other ETFs also saw significant inflows. Fidelity’s FBTC ETF posted a daily net inflow of $135 million, attracting both retail and institutional investors. The cumulative total net inflow of all Bitcoin spot ETFs has reached $26.90 billion, demonstrating sustained demand for these products since their launch.

Bitcoin Spot ETFs Hold a Significant Market Share

At the time of writing, the total net assets of Bitcoin spot ETFs reached $90.60 billion, representing 5.27% of BTC’s total market capitalization. This growth underscores the increasing importance of regulated crypto investment instruments in traditional markets, offering security and accessibility to everyday investors.

Performance of Individual ETFs

Among individual ETFs, BlackRock's IBIT ETF leads with net assets totaling $39.92 billion, followed by Grayscale's GBTC ETF with $19.12 billion and Fidelity's FBTC ETF with $16.73 billion. Daily percentage gains were impressive, with IBIT up 13.46%, GBTC up 13.38%, and FBTC up 13.34%, indicating favorable market conditions and strong investor response.

Rising Institutionalization of Crypto Assets

The recent surge in inflows into Bitcoin spot ETFs may signal the beginning of a larger trend in institutional adoption of crypto assets. With Bitcoin spot ETFs continuing to draw interest, their impact on BTC’s price and role in mainstreaming crypto assets could play a pivotal role in the market's future.

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