Bitcoin Spot ETF Had Total Net Flows of US$237
2024-08-03
Bittime - On August 2 2024, the Bitcoin spot ETF experienced a net outflow of US$237 million, showing significant fund movement dynamics.
Although some ETFs experienced large outflows, ETF products such as BlackRock IBIT attracted large net inflows, signaling long-term investor interest in Bitcoin.
Bitcoin Spot ETF Had Total Net Flows of US$237
According to the latest data from SoSoValue released by Shenzhen TechFlow News, the net outflow of Bitcoin spot ETFs on August 2, 2024 was US$237 million. This data shows the dynamics of significant fund movements in Bitcoin spot ETFs, which include various ETF products from several leading investment companies.
Bitcoin ETF Outflow and Inflow Details
Historically, total GBTC net outflows have reached US$19.059 billion, with the Grayscale GBTC ETF recording a single-day net outflow of US$45.9462 million yesterday. The Fidelity ETF FBTC recorded its largest single-day net outflow of US$104 million.
In contrast, the largest single-day net inflow from a Bitcoin spot ETF yesterday was the BlackRock ETF IBIT, with a net inflow of US$42.8142 million; The Grayscale Bitcoin Mini Trust ETF BTC had total net inflows of US$9.8788 million, with IBIT's current total net inflows being US$20.097 billion.
Total Net Asset Value of Spot Bitcoin ETF
The entire Bitcoin spot ETF has a net asset value of US$57.204 billion, with a net asset value to Bitcoin market value ratio of 4.63%. Throughout history, Bitcoin spot ETF net inflows have reached US$17.507 billion.
Data shows that other ETF products continue to attract investment, demonstrating investor interest and confidence in Bitcoin's long-term potential as an investment asset, although some ETFs experienced significant outflows. Investors looking for market confidence indicators for Bitcoin and related investment products should pay attention to these trends.
Conclusion
Fund movements in Bitcoin spot ETFs can indicate dynamic market sentiment and can be an important signal for investors when they make investment decisions. With Bitcoin spot ETF net outflows amounting to US$237 million yesterday, volatility is still a concern for investors with some types of ETFs, such as the BlackRock ETF IBIT, which recorded large net inflows.
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