The U.S. spot Bitcoin exchange-traded funds (ETFs) have surpassed $50 billion in net inflows just 18 months after their launch in January 2024.
BlackRock's iShares Bitcoin Trust ETF (IBIT) leads with $53 billion in net inflows, while Fidelity's Wise Origin Bitcoin Fund (FBTC) ranks second with $12.29 billion in net inflows.
According to Farside Investors, the Grayscale Bitcoin Trust ETF (GBTC) is the only fund to experience net outflows, losing $23.34 billion.
This year, overall digital asset products attracted $18.96 billion in net inflows, with Bitcoin accounting for nearly 83% of total inflows and Ethereum making up 16%, according to CoinShares.
IBIT remains the most dominant product, becoming the first Bitcoin ETF to hold over 700,000 BTC. The BTC held by the fund currently accounts for more than 55% of the total amount of all spot Bitcoin ETFs.
Reports last week indicated that BlackRock is now generating more revenue from its IBIT fund than from its flagship product, the iShares Core S&P 500 ETF, on an annual basis.
Bitcoin is also experiencing high demand from corporations, with many companies establishing Bitcoin reserves in 2024.
On Monday, Japan's Metaplanet acquired $237 million worth of BTC, making the company the fifth-largest corporate holder of Bitcoin, with a total BTC holding of over 15,500 coins.
On the same day, two European companies added Bitcoin to their existing reserves.
France's The Blockchain Group and the UK's Smarter Web Company added $12.5 million and $24.3 million worth of Bitcoin to their reserves, respectively.
Japanese publicly listed company Remixpoint announced it has raised $215 million to purchase more Bitcoin and plans to accumulate 3,000 BTC in the near future.
On Wednesday (July 9), BTC reached a new all-time high of $112,000, with short sellers being liquidated for nearly $200 million.
In addition to Bitcoin, analysts expect Ethereum to reach the $3,000 level sometime this week, as its market structure appears bullish.
In the past 24 hours, the price of ETH has risen by 6.6%, currently trading at $2,778, according to CoinGecko.
Related: Facing a potential price of up to $133,000 in September, Bitcoin (BTC) investors are not fully prepared.
Original: “Bitcoin (BTC) investors have now invested over $50 billion in U.S. spot ETFs”
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