Bitcoin ETFs Defy Market Dip: Record 95,000 BTC Inflow in 6 Days, Fidelity and BlackRock Lead Inflow

Bitcoin ETFs accumulate 95,000 BTC in a historic 6-day surge, signalling strong investor interest.
Fidelity’s Bitcoin ETF (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) each attract over $1.2 billion in inflows.

In a remarkable development, Bitcoin ETFs make history by amassing a staggering 95,000 BTC within just six days, showcasing unprecedented investor interest. Fidelity’s Bitcoin ETF (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) lead the inflow race, with each attracting over $1.2 billion.

Bitcoin ETFs Defy Market Trends

Contrary to the recent BTC price dip following the Bitcoin ETF approval, these investment vehicles continue to witness substantial inflows. The 15% decline in BTC price, from $48,000 to $41,200, hasn’t deterred investors from pouring capital into the newly launched ETFs.

Fidelity and BlackRock Dominate Inflows

According to Eric Balchunas, a senior ETF analyst at Bloomberg, both FBTC and IBIT have attracted significant investor interest. Despite FBTC having slightly higher inflows, IBIT leads in assets under management (AUM), boasting $1.4 billion compared to Fidelity’s nearly $1.3 billion.

LATEST: Despite $GBTC seeing a -$590m outflow gash friday, The Nine overwhelmed it w/ +$623m (3rd best day), $IBIT & $FBTC both >$200m while $BTCO & $HODL had their best hauls to date. TOT NET FLOWS stand at +$1.2b as Nine's aum hit $4b vs GBTC's -$2.8b, upping aum share to 14%. pic.twitter.com/nB57H8Ro8s

— Eric Balchunas (@EricBalchunas) January 20, 2024

The Bitcoin ETFs’ remarkable start is evident as they traded nearly $10 billion in just three days, showcasing the widespread acceptance of these investment vehicles. While Bitcoin currently trades at $40,724.90, reflecting a 2.23% decrease in the last day and a 2.78% decrease over the past week, the ETFs‘ overwhelming momentum suggests a paradigm shift in how investors approach Bitcoin within traditional financial structures.