Bitcoin spot ETF net inflow reaches $637m

Increasing institutional confidence is evidenced by Bitcoin’s record-breaking gains and consistent ETF inflows.

According to SoSoValue statistics, Bitcoin (BTC) spot ETFs showed net inflows of $637 million on December 16, the 13th consecutive day of positive inflows. Bitcoin is reaching all-time highs at the same time as this sustained investment boom, indicating increased investor confidence in the cryptocurrency sector.

Source: SoSoValue

BlackRock’s IBIT took the lead with the largest one-day inflow of $418 million, bringing in a total net inflow of $36.3 billion. Fidelity’s FBTC came in second with $116 million, bringing its overall net flow to $12.4 billion. Grayscale’s GBTC continued its upward trend with a net inflow of $17.65 million. Bitwise’s BITB and Ark’s ARKB are two other major donors that demonstrate widespread institutional participation across a variety of funds.

Bitcoin price reached a new record of almost $107,000 on December 16. Many things contributed to this turning point, such as President-elect Donald Trump’s pro-crypto views and his intentions to create a strategic Bitcoin reserve in the United States. increased market confidence.

The total net asset value of Bitcoin spot ETFs of $120.7 billion represents 5.76% of Bitcoin’s market cap.

According to some estimates, Bitcoin’s value could rise to $250,000 as a result of a combination of consistent ETF inflows and encouraging regulatory changes.