Last week, the Bitcoin spot ETF market experienced net outflows, totaling $681 million. Among them, Fidelity's FBTC faced the largest withdrawal, with a weekly net outflow of $481 million, indicating a cautious attitude among institutional investors towards this product. In contrast, BlackRock's IBIT performed relatively steadily, with a net inflow of $25.86 million last week, showing continued capital inflows. In the long term, IBIT has accumulated a total net inflow of $62.41 billion since its launch, becoming a mainstream allocation in the market. As of now, the total net asset value of the entire Bitcoin spot ETF market has reached $116.86 billion, reflecting that institutional-level Bitcoin allocations have formed a considerable scale.
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SatoshiChallenger
· 8h ago
Institutions are rapidly withdrawing from FBTC, and ironically, they are all moving to IBIT. What does this indicate? It just shows they're betting on who has lower management fees and a stronger background [cold laugh].
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MysteryBoxOpener
· 8h ago
Fidelity's recent move really dragged down the market, with 481 million just fleeing? I just want to know if there's still a chance to turn things around later.
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ZKProofEnthusiast
· 8h ago
With such a large outflow of FBTC, are institutions really panicking, or is it just switching to a different product? It seems like IBIT is the true winner.
Last week, the Bitcoin spot ETF market experienced net outflows, totaling $681 million. Among them, Fidelity's FBTC faced the largest withdrawal, with a weekly net outflow of $481 million, indicating a cautious attitude among institutional investors towards this product. In contrast, BlackRock's IBIT performed relatively steadily, with a net inflow of $25.86 million last week, showing continued capital inflows. In the long term, IBIT has accumulated a total net inflow of $62.41 billion since its launch, becoming a mainstream allocation in the market. As of now, the total net asset value of the entire Bitcoin spot ETF market has reached $116.86 billion, reflecting that institutional-level Bitcoin allocations have formed a considerable scale.