reports are pointing out that “another key area of strong growth in Q2 was Bitcoin ETFs, which have attracted over $17bn YTD.”
U.S. Bitcoin ETFs have seen more than $17 billion in Year-to-Date (YTD) net flows since being introduced six months ago. This statistics show that investors really do still believe in and want to purchase Bitcoin even given its volatility.
Net Flows and Trading Volumes Aggregated
In comparison, the nine U.S.-based spot Bitcoin ETFs have attracted $16.1 billion in total net flows Trading Volume. So far, volumes have surged on BlackRock’s IBIT ETF. Fidelity FBTC trails closely after with a daily trading value of over $410million These figures suggest increased demand for Bitcoin from institutional and retail investors via regulated financial products.
Leading ETF Performers
BlackRock’s IBIT
AUM: $18.5+ billion
Largest Single Day Inflow: $260 million (equivalent to 4,005 BTC)
Fidelity’s FBTC
AUM: about to $10 billion, right now at ~$9.962bn
The existence of these top ETFs shows the high amount invested in Bitcoin and the massive inflow experienced as well..
Institutional investor interest: Much of these adoption has been powered by institutional investor-interest in the expansion of Bitcoin ETFs. In total, 79% of institutions raised net exposure to these ETFs in the recent filings, signaling a shift of institutional investors toward integrating Bitcoin into their diversified investment portfolios. The huge involvement of the institutional investors indicates their belief in Bitcoin as an investable asset.
Conventional Finance Onboarding: The growing AUM and inflows in addition to the increasing interest are all indicators that Bitcoin ETFs can further wind their way into mainstream finance. Moreover, the ongoing interest of institutional investors indicates a bullish forecast for Bitcoin ETFs, and is believed to grow to more than 1 million BTC by month’s end.
The growth in Bitcoin ETFs has been rapid, with substantial net flows. These are very interesting new instruments for our financial markets. Bitcoin ETFs may ultimately serve as important catalyst for bringing cryptocurrency investments into the mainstream. The ongoing increase in institutional and retail interest will catalyze this growth.
