US spot Bitcoin ETFs have crossed $50 billion of net inflows in just 18 month after they were founded in January 2024.
BlackRock iShares Bitcoin Trust Fund ETF (IBIT), which had a net of 53 billion dollars, was the leader. Fidelity Fidelity Wise Origin Bitcoin Fund(FBTC), on the other hand, saw a net of 12,29 billion dollars.
Grayscale Bitcoin Trust ETF GBTC (GBTC), the only fund that saw a net loss, lost $23.34 Billion, was the lone one. according Farside Investors
Bitcoin was responsible for almost 83% of all digital assets inflows. Ethereum, on the other hand, accounted only for about 16%. according CoinShares is a new way to earn money.
IBIT is the dominant Bitcoin ETF. hold more than 700,000 BTC The fund now holds more than 55% of the total BTC across all spot Bitcoin ETFs. The fund has more than 55 percent of total BTC among all Bitcoin ETFs.
BlackRock is now a publicly traded company, according to a report last week. earns more revenue from its IBIT fund than its flagship S&P 500 fund, iShares Core S&P 500 ETF, on an annual basis.
Bitcoin corporate Treasurys on the Rise
Bitcoin also has a high demand in corporations.
Japan’s Metaplanet was launched Monday acquired BTC worth $237 millionThe company’s total BTC stack exceeds 15,500 BTC. The company’s BTC total exceeds 15500 BTC.
Same day two European companies They added Bitcoins to their Bitcoin reserves.
The Blockchain Group in France and Smarter Web Company of the United Kingdom added Bitcoins worth $24.3 and $12.5 millions to their respective treasures.
Remixpoint is a Japanese stock listed at the Tokyo Stock Exchange. The company announced that it had raised $215 million to buy more Bitcoin. The company plans to acquire 3,000 BTC within the next few months.
Bitcoin reaches all-time record highs while ETH soars
On Wednesday, BTC hit a new all-time high of $112,000The short-sellers were liquidated to the tune of almost $200 million.
Related: ‘See you at $150K,’ says Bitcoin bull after BTC taps new highs
Bitcoin analysts have other opinions about the cryptocurrency expect Ether to reach the $3,000 mark Due to the bullish market, it is expected that this will happen sometime in the next week.
The price of ETH is now trading at $2.778, up 6.6% in the last 24 hours. according CoinGecko.
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Source: cointelegraph.com
