According to The Block, as of today, the US Bitcoin spot ETF has achieved a net inflow for the 10th consecutive day, accumulating to 4.26 billion US dollars. Among them, BlackRock’s iShares Bitcoin Trust ETF (IBIT) performed particularly outstandingly, accounting for 96% of the net inflow share and generating a net inflow of as high as 4.09 billion US dollars.
Since April 9th, IBIT has demonstrated strong capital appeal, with no capital outflows for 33 consecutive trading days. At present, the scale of its managed assets has soared to 72 billion US dollars. In terms of the inflow of funds within the year, it ranks among the top five ETFs in the United States. This outstanding performance demonstrates the high favor and sustained confidence of market investors in IBIT.
In addition to the Bitcoin spot ETF, the Ethereum spot ETF market also showed a positive trend, marking the eighth consecutive day of positive capital inflows, with a cumulative inflow amount reaching 394 million US dollars. This indicates that as the cryptocurrency market develops and matures, investors’ enthusiasm for digital assets is constantly extending to more mainstream cryptocurrency fields.
From the perspective of the market environment, the cryptocurrency market has recently been influenced by multiple factors and has shown a relatively active state. On the one hand, at the macroeconomic level, global economic uncertainty has increased. Investors are seeking diversified asset allocation to spread risks. Cryptocurrencies like Bitcoin, with their unique attributes, have become the choice of some investors. On the other hand, the regulatory environment has gradually become clear. The U.S. Securities and Exchange Commission (SEC) has changed its regulatory attitude towards cryptocurrency-related financial products, creating a more favorable policy space for the development of products such as Bitcoin spot ETFs.
Take BlackRock as an example. As a globally renowned asset management giant, it has a strong influence and appeal in the financial market. The continuous capital inflow of IBIT, a subsidiary of BlackRock, not only reflects investors’ recognition of the product but also, to a certain extent, has driven the market’s attention and investment in other Bitcoin spot ETFs. Many institutional and individual investors, based on BlackRock’s investment strategies and product performance, have been adjusting their investment portfolios and increasing the allocation ratio of Bitcoin spot ETFs.
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