On December 16, Bitcoin spot ETFs experienced a net inflow of $637 million, marking their 13th consecutive day of gains. BlackRock’s IBIT ETF alone saw a single-day net inflow of $418 million, accounting for 65% of the total inflows. This highlights BlackRock’s dominance in the Bitcoin spot ETFs market as institutional interest grows alongside market optimism.
The cumulative inflows indicate a shift in sentiment towards Bitcoin-focused investment products, as institutional players increasingly embrace regulated and transparent financial instruments. This inflow streak also signals growing trust in Bitcoin spot ETFs as a secure way to gain exposure to Bitcoin without the complexities of direct ownership.
Market analysts attribute the momentum to expectations of Bitcoin’s price recovery and its increasing role as an economic hedge.
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