The U.S. Bitcoin spot ETF market registered a substantial $2.386 billion weekly net inflow, primarily propelled by BlackRock’s IBIT which attracted $2.569 billion of fresh capital. This influx highlights IBIT’s dominant market position amid volatile investor sentiment.
In stark contrast, major competitors recorded notable outflows over the same period. Fidelity’s FBTC witnessed $48.7 million exiting the fund while Grayscale’s GBTC saw $122.5 million in net redemptions.
Smaller positive contributions came from ETFs including Invesco BTCOct and VanEck HODL, though their combined inflows totaled under $40 million. Excluding BlackRock’s outsized inflow, the broader ETF market would have registered a negative $183 million net flow.