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Bitcoin Spot ETFs Record $224 Million Inflows Led by BlackRock’s IBIT

Data from SoSoValue shows strong investor demand, with BlackRock’s IBIT and Fidelity’s FBTC driving the majority of inflows.

BTC

Summary

Bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $224 million on December 10, according to SoSoValue. BlackRock’s iShares Bitcoin Trust (IBIT) contributed $193 million, pushing its cumulative net inflow to $62.604 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) added $30.58 million, raising its total inflow to $12.281 billion.

Terms & Concepts
  • Bitcoin Spot ETF: An exchange-traded fund that holds Bitcoin directly, providing investors exposure to real-time Bitcoin prices without owning the cryptocurrency themselves.
  • Net Inflow: The total amount of funds entering an investment product during a specific period, minus withdrawals.
  • iShares Bitcoin Trust (IBIT): A spot Bitcoin ETF offered by BlackRock, allowing investors to gain direct exposure to Bitcoin price movements.