Just on Wednesday, the cumulative trading volume of US spot Bitcoin ETFs (led by BlackRock's IBIT) has exceeded $500 billion, just ten months after its debut. This figure has caused a huge response in the global crypto market because it shows the growing demand for Bitcoin among mainstream investors. In particular, this week, the net inflow of Bitcoin ETFs reached $2.4 billion, which can be called the "golden bridge" sought after by funds.

BlackRock IBIT leads the market trend, with daily trading volume exceeding US$5 billion

On Wednesday, BlackRock's IBIT's daily trading volume reached $5.2 billion, breaking its historical record and becoming one of only three ETFs in the world with a trading volume of more than $5 billion that day. ETF analyst Eric Balchunas said, "Instead of cooling down, the market has shown a snowball effect, and IBIT's trading volume has become an unrivaled leader." Currently, IBIT accounts for 67% of the Bitcoin ETF market, soaring from 15% at the beginning of the year to become the dominant player.

Bitcoin ETF net inflow hits new high, with the three giants moving forward in unison

The net inflow of the US spot Bitcoin ETF market also performed well, with a net inflow of $510 million on Wednesday alone, bringing the total inflow this week to $4.7 billion. BlackRock IBIT, Fidelity FBTC and Grayscale GBTC led the market with inflows of $230 million, $180 million and $61.3 million respectively, showing the confidence of institutional investors in Bitcoin.

Outstanding achievements: IBIT has become one of the most influential ETFs in the world

IBIT's asset management scale has now reached 41.1 billion US dollars, reaching this scale in just 211 days, breaking the 1,253-day record held by IEMG and becoming one of the world's top ETFs. The total asset management of spot Bitcoin ETFs has also approached 90 billion US dollars. These data not only make ETF investors excited, but also bring Bitcoin back into the mainstream.

Ethereum spot ETF is also catching up, and trading volume is picking up

Despite the popularity of Bitcoin, the spot Ethereum ETF has also recovered recently. On Wednesday, the trading volume of the spot Ethereum ETF reached $702 million, of which Fidelity FETH inflows were 101.7 million and BlackRock ETHA inflows were 35.6 million. Since its launch in July, the cumulative net inflow of Ethereum ETF has been close to $2.5 billion, proving that it still has market appeal.

The "golden bridge" effect between mainstream financial giants and cryptocurrencies

Nate Geraci, president of ETF Store, pointed out that "ETF products, as a bridge for mainstream investors to access cryptocurrencies, are attracting an influx of funds from the world's largest asset management companies and institutions. Once this bridge is fully built, investors' interest will be unstoppable." Cryptocurrency ETFs have not only become the focus of the asset management industry, but also opened the door to the deep integration of traditional finance and the crypto world.

Bitcoin price breaks through $90,000 again

With strong inflows into ETFs and a generally bullish market, Bitcoin broke through the $93,000 mark on Wednesday, up 3.4% in 24 hours, up more than 20% this week, and soaring 115% this year. The GMCI 30 index (covering the top 30 crypto assets) also rose nearly 5%, indicating that not only Bitcoin, but the entire crypto market is booming, driving a strong return of global capital.

From the hot trading volume of ETFs to the soaring price of Bitcoin, the market has shown an unprecedented institutionalization trend. With the booming development of US spot Bitcoin ETFs and the support of products such as Ethereum, crypto assets are accelerating their integration into the mainstream financial system.

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