BTC Spot ETF, 9 Consecutive Trading Days Net Inflow...BlackRock Solo Performance, Fidelity Net Outflow

Bitcoin Spot ETF Continuing Net Inflows (Source: @thepfund, X)

According to Trader T on the 20th (local time), the U.S. Bitcoin spot ETF recorded a net inflow of 6.32 million dollars (approximately 8.7 billion won), extending the net inflow streak for nine consecutive trading days.

In this inflow, BlackRock's IBIT ETF single-handedly attracted 46.87 million dollars, driving the overall inflow. On the other hand, Fidelity's FBTC ETF saw a net outflow of 40.55 million dollars, displaying a contrasting trend. Other ETFs did not experience any significant net inflow or outflow.

Amid the recent formation of a box range in Bitcoin prices around the $100,000 level, the continuous inflow of institutional investors is interpreted as a positive signal for the market. Particularly, IBIT is leading with a market share of 54.7% in the U.S. spot ETF market.