The Bitcoin ETF market shows resilience with three consecutive days of inflows, driven largely by BlackRock. While BlackRock's performance is lower than previous weeks, institutional investors continue to embrace Bitcoin despite initial January uncertainty. The positive trend is expected to continue with the new U.S. administration's pro-crypto stance.
The Bitcoin exchange-traded fund ( ETF ) ecosystem has demonstrated remarkable resilience, recording three consecutive days of inflow. A recent report by investment firm Farside Investors reveals a cumulative inflow of $188.7 million from all asset managers into the Bitcoin ETF market. BlackRock, a leading player in the industry, accounted for approximately 81% of these net inflows.
While BlackRock's performance in propelling the ETF market into positive territory is commendable, it signifies its lowest inflow rate since January 16. BlackRock's IBIT has garnered significant attention from institutional investors, attracting over $300 million in inflows. The only exception was Monday, January 20, when the ETF market experienced a minor outflow.Apart from BlackRock's $154.6 million inflow, other asset managers contributing to the cumulative inflows include Fidelity ($9.2 million), Bitwise ($42.1 million), Ark ($8.4 million), Invesco ($12.4 million), and Grayscale's BTC ($11.9 million). Notably, Grayscale's GBTC stands out as the only asset manager with an outflow of $49.9 million, marking a second consecutive day of withdrawal. All other asset managers recorded zero inflows. This trend indicates that institutional players are increasingly confident in Bitcoin exposure, shifting away from previous caution. The first half of January witnessed substantial outflows from the ETF market as uncertainty loomed over investors. However, since January 15, no outflows have been registered. Excluding U.S. inauguration day on January 20, the ETF market consistently closed with net positive inflows. Experts anticipate further institutional adoption of digital assets, driven by the pro-crypto stance of the new U.S. administration
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