In a significant development for the cryptocurrency market, COINOTAG reported on January 25th that the U.S. Bitcoin spot ETF has experienced a remarkable net inflow of $1.759 billion this week, complemented by a robust trading volume of $21 billion. This surge indicates a growing institutional interest in digital assets, highlighting the increasing acceptance of Bitcoin as a legitimate investment vehicle.
Notably, the breakdown of inflows reveals that BlackRock’s IBIT led the charge with a sizable net inflow of $1.318 billion, reaffirming its position as a major player in the crypto asset management space. Fidelity’s FBTC also contributed with a net inflow of $0.202 billion, while ARK Invest and 21Shares combined for a net inflow of $0.173 billion. Grayscale’s Mini BTC recorded a more modest inflow of $63 million, further indicating diverse institutional participation.