Spot Bitcoin ETFs have encountered a strong buying wave again following the recent capital outflows. On Thursday, there was a total net inflow of 131.3 million dollars into these investment instruments. Thus, while institutional interest in spot Bitcoin ETFs was observed to increase again, market participants welcomed this data largely positively.
BlackRock and Its Dominant Position in the Industry
The most notable move of the day came from BlackRock. The US-based asset management giant added a net investment of $144 million alone to its portfolio through the iShares Bitcoin Trust (IBIT) product. This move by BlackRock offset the small-scale outflows seen in some other Bitcoin ETFs, resulting in a positive day for the sector overall.
As of May 15, IBIT maintains its absolute dominance in the spot Bitcoin ETF market. While IBIT’s assets under management (AUM) exceeded the level of 64 billion dollars, it was reported that the daily transaction volume was over 2 billion dollars. The product with the largest share in the sector after IBIT was Fidelity’s Wise Origin Bitcoin Fund (FBTC) with an AUM size of approximately 14.16 billion dollars.
Total Assets and Investor Interest in Spot Bitcoin ETFs
Since the launch of these products in early 2024, the total managed asset size of spot Bitcoin ETFs has reached $105.51 billion. The cumulative net inflow to these funds was recorded as 59.06 billion dollars. Numerical data show that these new investment instruments are rapidly integrated into the market.
These funds, which have become one of the first choices of institutional investors in accessing digital asset markets, make it easier to evaluate Bitcoin together with traditional financial instruments. Industry experts expect spot Bitcoin ETFs to become one of the main players in the market in the long term.
Ethereum ETFs Outflow for the Fourth Day in a Row
However, on the same day, spot Ethereum ETFs continued to lose momentum. There was a total net outflow of $5.65 million in Ether-based funds. Thus, an outflow of money was recorded in Ethereum ETFs for the fourth consecutive day.
This contrasting trend between the two major crypto assets shows that traditional investors continue to favor Bitcoin. Ethereum, on the other hand, is having difficulty attracting the attention of investors under current market conditions.
The $131.3 million of new capital entering Spot Bitcoin ETFs in one day marked a remarkable turnaround following the outflows seen in the market in recent weeks. On the other hand, the outflow momentum in spot Ethereum funds continued.
Experts state that recent data has made Bitcoin particularly prominent as a safe haven for corporate investments, and that there is a significant uncertainty on the Ethereum side. According to analysts’ views, the current picture indicates that traditional investors will continue to approach Bitcoin more cautiously and in high volume in the short term.
