US BTC Spot ETF Inflows $245MM Last Week

Inflows Surpass Outflows, Driving BTC ETF Momentum: According to data from Solactive, Bitcoin spot ETFs listed in the US experienced a significant inflow of $245 million last week, indicating growing institutional interest. Fidelity's FBTC Leads Inflows: Among the ETFs tracked, Fidelity's FBTC recorded the highest inflows, amounting to $275 million. This suggests that investors are seeking exposure to Bitcoin through regulated and transparent investment vehicles. BlackRock's IBIT Faces Outflows: In contrast to the inflows seen in other ETFs, BlackRock's IBIT ETF experienced net outflows of $139 million. This discrepancy may be attributed to the ETF's tracking of a different Bitcoin index than the other ETFs. Conclusion: The inflows into US Bitcoin spot ETFs highlight the growing acceptance of Bitcoin as a legitimate investment asset. Institutional investors are now exploring ETFs as a convenient and compliant way to gain exposure to the cryptocurrency market.