Bitcoin spot ETFs had a big day with lots of money flowing in. The total net inflows reached 1.114 billion, showing that people are confident in the cryptocurrency market. BlackRock’s IBIT ETF was the leader, with a daily net inflow of $756 million and a daily turnover of $4.65 billion. Other ETFs like Fidelity’s FBTC ETF also saw good inflows, with a daily net inflow of $135 million.
In total, Bitcoin spot ETFs have seen $26.90 billion in net inflows since their launch. At the moment, Bitcoin spot ETFs’ total net assets are $90.60 billion, which is 5.27% of BTC’s total market capitalization. This shows that regulated crypto investment vehicles are becoming more important in traditional markets.
