Spot Bitcoin ETFs in the USA Reached $17 Billion in Six Months with the Influence of BlackRock and Fidelity.
The performance of spot Bitcoin ETFs in the United States has been outstanding. As of July 19, they have achieved a net inflow of over 17 billion dollars since the beginning of the year. Although these products launched just six months ago, they are rewriting the story with unprecedented growth and investor interest in the ETF space.
Many institutional giants such as BlackRock and Fidelity played a critical role in achieving these impressive figures. BlackRock's Bitcoin ETF IBIT recently led the way with nearly $1.2 billion in trading volume, while Fidelity's FBTC reached daily trading volume of over $410 million. These figures highlight the huge confidence and investment institutional players have in the Bitcoin ETF market.
Bloomberg senior ETF analyst Eric Balchunas emphasized the importance of this success, noting that the increase in net inflows was independent of the price increase, which translates into pure demand and adoption. For example, BlackRock's IBIT grew to over $18.5 billion in total assets under management (AUM) following a $260 million inflow, which equated to 4,005 BTC purchased in a single day.
Fidelity's Bitcoin ETF, FBTC, is also making significant progress. On the last trading day, FBTC recorded inflows of $141 million compared to BlackRock's $116 million. As a result, Fidelity's FBTC is about to surpass the $10 billion mark in net AUM, reaching $9.962 billion by the end of the week. This growth story reflects a dynamic and competitive environment among top financial institutions.
As a result, the remarkable performance of spot Bitcoin ETFs in the United States highlights a significant shift in investment patterns, and with strong institutional support and impressive net inflows, these products continue to attract significant interest, setting the stage for future expansion and integration into mainstream financial markets. is preparing. This offers investors a promising outlook for the future of Bitcoin investments.