The US Spot Bitcoin Exchange Trade Fund (ETF) has just surpassed its $50 billion net inflow, just 18 months after its launch in January 2024.
BlackRock’s Ishares Bitcoin Trust ETF (IBIT) led the fees with a net inflow of $53 billion, while Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second highest net inflow of $122.9 billion.
The Grayscale Bitcoin Trust ETF (GBTC) is the only fund to witness a net spill, losing $23.34 billion, according to Farside Investors.
This year, Bitcoin accounts for nearly 83% of the total inflow and Ethereum accounts for nearly 83% of the total inflow, with the total digital asset product attracting a net inflow of $18.96 billion.
IBIT remains the most dominant product as it became the first Bitcoin ETF to hold over 700,000 BTC on Tuesday. The fund currently holds more than 55% of total BTC across all Spot Bitcoin ETFs.
Last week it was reported that BlackRock is currently earning more revenue from IBIT funds than its flagship S&P 500 fund, the Ishares Core S&P 500 ETF.
Bitcoin Corporate Treasury Ministry is on the rise
Bitcoin has also witnessed high demand from businesses, many of which established the Bitcoin Treasury in 2024.
On Monday, Japan’s Metaplanet acquired BTC worth $237 million, making it Bitcoin’s fifth largest corporate holder. Its total BTC stack is over 15,500 BTC.
On the same day, two European companies added Bitcoin to their existing Bitcoin reserves.
France has added Blockchain Group and the UK’s smarter web company to their respective finances with $12.5 million and $24.3 million worth of Bitcoin.
RemixPoint, a Japanese company listed on the Tokyo Stock Exchange, has announced it plans to raise $215 million to buy more Bitcoin and accumulate 3,000 BTC in the near future.
While ETH is surged, always high bitcoin
On Wednesday, BTC recorded a new all-time high of $112,000, with the short seller being liquidated at nearly $200 million.
Related: “Meet at $150K,” says Bitcoin Bull after BTC closes new highs
Apart from Bitcoin, analysts expect the ether to reach the $3,000 mark this week due to its bullish market structure.
According to Coingecko, ETH prices have risen 6.6% in the last 24 hours and are currently trading at $2,778.
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