Us Spot Bitcoin Traded Funds (ETF) has just crossed $ 50 billion in net entries, only 18 months after their creation in January 2024.
The FNB Ishares Bitcoin Trust of BlackRock (IBIT) led the net with a net influx of $ 53 billion, while the Bitcoin Fund (FBTC) fund of Fidelity Origin (FBTC) experienced the second highest net influx of $ 12.29 billion.
According to Farside Investors, Graycale Bitcoin Trust ETF (GBTC) was the only fund to attend a net outing, losing $ 23.34 billion, according to Farside Investors.
This year, global digital asset products attracted a net input of $ 18.96 billion, Bitcoin representing almost 83% of total entrances, while Ethereum represented 16% of total entrances, according to Coinshares.
Ibit remains the most dominant product because the fund has become the first ETF Bitcoin to have more than 700,000 BTC on Tuesday. The fund now holds more than 55% of the total BTC in all Bitcoin ETFs.
Last week, it was reported that Blackrock now earns more income from its IBIT fund than its flagship fund S&P 500, Ishares Core S&P 500 ETF, on an annual basis.
Bitcoin Corporate Treeries increasing
Bitcoin also witnessed a strong demand from companies, many of which established Bitcoin vouchers in 2024.
Monday, Metaplanet in Japan acquired BTC worth $ 237 million, making the company the fifth largest Bitcoin holder. Its total BTC battery exceeds 15,500 BTC.
On the same day, two European companies added bitcoin to their existing bitcoin reserve.
The Blockchain France group and the smarter web company in the United Kingdom added Bitcoin worth $ 12.5 million and 24.3 million dollars to their respective treasury bills.
RemixPoint, a Japanese company listed on the Tokyo Stock Exchange, announced that it had raised $ 215 million to buy more bitcoin and intends to accumulate 3,000 BTC in the near future.
Bitcoin at all times high while eTh increases
On Wednesday, the BTC reached a new summit of $ 112,000, the sellers uncovered being liquidated for nearly $ 200 million.
In relation: “Go to $ 150,000,” explains Bitcoin Bull after BTC has typed new heights
In addition to Bitcoin, analysts expect Ether to reach the $ 3,000 mark this week due to its bull market structure.
In the past 24 hours, the price of the ETH jumped 6.6% and is currently negotiated at $ 2,778, according to Coingecko.
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