Bitcoin Spot ETFs See $637M Inflow, BlackRock Leads with $418M Surge

Key Points:

• On December 16, Bitcoin spot ETFs saw a net inflow of $637 million, marking 13 consecutive days of gains.
• BlackRock’s IBIT ETF recorded a single-day net inflow of $418 million, accounting for 65% of total inflows.

According to Sosovaule, Bitcoin spot ETFs saw an incredible net inflow of $637 million, the 13th day running in positive inflows.

BlackRock IBIT Dominates with Major Contributions

The BlackRock Bitcoin ETF alone saw a net inflow of $418 million in one day, comprising more than 65% of the total inflows. Such strong inflows for BlackRock underline its dominance within the Bitcoin spot ETFs space as the institutional interest thickens with the rising market optimism.

The cumulative inflows reflect a broader sentiment shift towards Bitcoin-focused investment products as institutional players continue to embrace regulated and transparent financial instruments. This consistent inflow streak also signals growing trust in Bitcoin spot ETFs as a viable and secure option to get exposure to Bitcoin without the complexities of direct ownership.

Read more: Bitcoin Spot ETF Inflows Hit $598M With 11-Day Streak

Institutional Confidence in Bitcoin Continues to Rise

Market analysts attribute the momentum to expectations of Bitcoin’s further price recovery and its increasing role as an economic hedge. With the continuous inflow, Bitcoin spot ETFs are vital in filling the gap between traditional finance and digital assets.

The record inflow into BlackRock IBIT further reiterates its strong appeal and positions the product as a leader among other Bitcoin ETFs. This could further encourage competition among other asset managers for institutional and retail investors.