Spot Bitcoin ETFs are once again attracting the attention of institutional investors with a total capital inflow of $381 million, indicating growing interest in cryptocurrency amid the instability of traditional markets.
Leaders Among Bitcoin ETFs
Among the 12 spot Bitcoin ETFs, the largest single-day inflow was recorded for ARK and 21Shares at $116.1 million. This reflects increased investor confidence in crypto as a hedge against macroeconomic volatility.
Investor Interest in Bitcoin
Following closely was Fidelity's FBTC with an inflow of $87.6 million. Bitwise’s BITB attracted $45.1 million, further validating growing institutional interest in Bitcoin.
Market Prospects
Although the full data for BlackRock’s IBIT, the largest U.S. spot Bitcoin ETF, wasn’t detailed, early indications suggest continued strong demand for the product.
The increase in capital inflows into spot Bitcoin ETFs reinforces investor confidence and highlights the relevance of Bitcoin as an investment tool amid current economic uncertainty.
