Spot Bitcoin ETFs dey see pass $1B inflows, IBIT top S&P 500 fund for fees
US spot Bitcoin ETFs gather over $1 billion net money come Wednesday and Thursday, stop di $342 million wey commot on Tuesday, data from Farside Investors show. Fidelity’s FBTC collect $421.8 million, while BlackRock’s iShares Bitcoin Trust (IBIT) recover with $224.5 million on Thursday. Year-to-date money enter reach $14.5 billion, take total asset wey dem dey manage close to $128 billion and total flow since January 2024 reach around $52–54 billion. IBIT don control over 55% of the spot Bitcoin ETF market and don surpass BlackRock’s main S&P 500 ETF (IVV) for annual fee revenue, generate $187.2 million versus IVV wey get $187.1 million, thanks to 0.25% expense ratio. Thursday trading volume of $5.3 billion na the highest daily turnover since May. Analysts dey give high chance say dem go approve spot ETF for Solana (SOL), XRP, and Litecoin (LTC), show say cryptocurrencies dey get more acceptance from big institutions. The money wey dem put show say people dey trust Bitcoin ETFs as digital gold and way to make portfolio better.
Bullish
Record inflows into spot Bitcoin ETFs and IBIT’s fee-revenue milestone talk say demand from big institutions plenty. Plenti trading volume and market share dey rise wey fit make price go up for short and long term as investors dey see Bitcoin ETFs as digital gold and portfolio diversifiers.