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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
SchrodingerWallet
· 8h ago
Fidelity's recent bottom-fishing attempt failed, institutions are fleeing, IBIT remains steady, and Blackstone bet correctly this time.
View OriginalReply0
SatoshiChallenger
· 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].
View OriginalReply0
MysteryBoxOpener
· 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.
View OriginalReply0
ZKProofEnthusiast
· 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.
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.