Last week, the Bitcoin spot ETF market experienced net outflows, totaling $681 million. Among them, Fidelity's FBTC faced the largest withdrawal, with a weekly net outflow of $481 million, indicating a cautious attitude among institutional investors towards this product. In contrast, BlackRock's IBIT performed relatively steadily, with a net inflow of $25.86 million last week, showing continued capital inflows. In the long term, IBIT has accumulated a total net inflow of $62.41 billion since its launch, becoming a mainstream allocation in the market. As of now, the total net asset value of the entire Bitcoin spot ETF market has reached $116.86 billion, reflecting that institutional-level Bitcoin allocations have formed a considerable scale.

BTC4,94%
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SchrodingerWalletvip
· 8h ago
Fidelity's recent bottom-fishing attempt failed, institutions are fleeing, IBIT remains steady, and Blackstone bet correctly this time.
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SatoshiChallengervip
· 01-12 07:57
Institutions are rapidly withdrawing from FBTC, and ironically, they are all moving to IBIT. What does this indicate? It just shows they're betting on who has lower management fees and a stronger background [cold laugh].
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MysteryBoxOpenervip
· 01-12 07:56
Fidelity's recent move really dragged down the market, with 481 million just fleeing? I just want to know if there's still a chance to turn things around later.
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ZKProofEnthusiastvip
· 01-12 07:51
With such a large outflow of FBTC, are institutions really panicking, or is it just switching to a different product? It seems like IBIT is the true winner.
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