Institutional investment in Bitcoin continues to gain popularity, with spot ETFs becoming a key vehicle for large investors.
Inflows in Spot BTC ETFs
On July 9, spot Bitcoin ETFs saw $218 million in net inflows, marking the fifth consecutive day of gains. Over the past five trading days, nearly $1.52 billion has flowed into these funds, despite a $342 million outflow on July 1.
BlackRock's Role in Bitcoin ETF Growth
BlackRock's iShares Bitcoin Trust remains the dominant player, holding over 700,000 BTC, representing over 55% of all Bitcoin held in U.S. spot ETFs. The fund has attracted $53 billion in net inflows, far ahead of Fidelity's FBTC with $12.29 billion.
Drivers of Institutional Investments
Analysts note that large investments are currently coming from asset managers, corporate treasuries, and large-scale investors. Rachael Lucas highlights that ETFs make investing safer and simpler, attracting capital into cryptocurrency.
The increase in institutional investments in Bitcoin through spot ETFs indicates a growing confidence in this asset as a long-term investment among major players.
