Bitcoin spot ETF records a net inflow of $1.4 billion this week

Institutional interest in the cryptocurrency market is heating up. Recently, the Bitcoin spot ETF market has recorded significant net inflows. According to SoSoValue data cited by PANews on January 18, from January 12 to January 16, US Eastern Time, Bitcoin spot ETFs achieved a total net inflow of $1.42 billion.

BlackRock IBIT Leads the Market with $1 Billion Net Inflow

This week’s absolute leader in fund inflows is BlackRock’s IBIT. IBIT recorded an overwhelming weekly net inflow of $1.035 billion, accounting for over 72% of last week’s net inflows. Since its launch, this ETF has accumulated a net inflow of $63.44 billion, continuing its fastest growth in the spot ETF market.

Following closely, Fidelity’s FBTC also saw steady capital inflows. FBTC recorded a weekly net inflow of $194 million, with a total net inflow of $11.92 billion. These two major asset managers’ spot ETFs are at the center of the market.

Continuous Capital Outflows from Grayscale GBTC

On the other hand, Grayscale’s GBTC shows a contrasting trend. This week, GBTC experienced a net outflow of $167.5 million, the largest outflow last week. Interestingly, the cumulative net outflow of GBTC has reached $25.41 billion, indicating ongoing capital withdrawals following the launch of new ETFs by BlackRock and Fidelity.

Overall Growth Trend in the Spot ETF Market

As of the reporting date, the total net assets of Bitcoin spot ETFs reached $124.56 billion. The ETF’s net asset ratio to the total market capitalization of Bitcoin is 6.53%, and the cumulative net inflow has reached $57.82 billion. This suggests that institutional investors continue to show steady interest in Bitcoin spot ETFs.