Oh my god, the power of the crypto world is so strong. A few days ago, Trump's cryptocurrency was worth just $10 million, and now it is worth $31 million in just a few days. Is the future president of the United States going to become a US president with hundreds of millions of dollars in cryptocurrency? This is so exciting! Trump is the new king of the crypto world, and people all over the world are voting for him with cryptocurrency!

Bitcoin has been grinding for so long, but it still can't fall. If it can't go down, it can only go up. Today, it has firmly stood at 70,000. It doesn't seem so difficult to break through 80,000. The next step everyone is looking at is 100,000 U! The market enthusiasm has become white-hot! The "third wave" of capital inflows is turning into a tsunami! The total net asset value of US Bitcoin spot ETFs has exceeded 60 billion US dollars!
So far, the total net asset value of US Bitcoin spot ETFs has exceeded the 60 billion US dollar mark. Among these Bitcoin ETFs, in addition to BlackRock's assets topping the list with more than 20 billion US dollars, Fidelity's large-scale capital inflows in recent times have also attracted attention.
FBTC has become Fidelity's largest ETF, accounting for more than 70% of capital inflows in 2024! As a heavyweight asset management giant, Fidelity is one of the earliest large traditional institutions to enter the crypto field. As early as 2013, the institution began to study and test cryptocurrencies. So far, it has launched a number of services such as Bitcoin mining, Bitcoin custody, investment consulting and Bitcoin index funds. It even began to open Bitcoin and Ethereum trading exposure to retail investors in 2023, and was subsequently approved to launch Bitcoin spot ETFs and Ethereum spot ETFs.
Dune data shows that as of June 4, BlackRock IBIT's capital inflow reached US$20.4 billion, that is, IBIT accounted for 31.3% of its total ETF inflows this year and less than 1% of BlackRock's overall asset size. In contrast, FBTC accounted for 74.1% of its ETF inflows this year and accounted for 15.7% of Fidelity's ETF size.
Judging from various data, Fidelity's strong capital inflows reflect the market's recognition of its products and the growing interest in investing in Bitcoin spot ETFs. ETF analyst Eric Balchunas also tweeted today (June 5) that the capital flow of the top ten spot Bitcoin ETF funds is very active, with a total amount of nearly US$1 billion (June 4), a net inflow of US$15 billion this year, and the "third wave" is turning into a tsunami. The sharp surge in investment activities may indicate a major shift in the investment landscape. $BTC