U.S. spot Bitcoin exchange-traded funds (ETFs) have surpassed $50 billion in net inflows, just 18 months after launching in January 2024.
Leading the way is BlackRock’s iShares Bitcoin Trust ETF (IBIT), which alone brought in $53 billion in net inflows. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $12.29 billion.
Meanwhile, the Grayscale Bitcoin Trust ETF (GBTC) was the only fund to record a net outflow, shedding $23.34 billion, according to data from Farside Investors.
So far this year, digital asset investment products have seen a net inflow of $18.96 billion, with Bitcoin making up nearly 83% of that total and Ethereum contributing around 16%, according to CoinShares.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) remains the dominant force in the market. On Tuesday, it became the first Bitcoin ETF to hold over 700,000 BTC, now accounting for more than 55% of all Bitcoin held across U.S. spot ETFs.
Notably, it was reported last week that BlackRock is now generating more annual revenue from IBIT than from its flagship iShares Core S&P 500 ETF.
Corporate Bitcoin holdings are on the rise
Bitcoin is seeing growing demand from corporations, many of which began building their Bitcoin treasuries in 2024.
On Monday, Japan’s Metaplanet purchased $237 million worth of Bitcoin, becoming the fifth-largest corporate holder with a total of over 15,500 BTC.
That same day, two European firms expanded their Bitcoin reserves—France’s The Blockchain Group added $12.5 million in BTC, while the UK-based Smarter Web Company invested $24.3 million.
Meanwhile, Japanese firm Remixpoint, listed on the Tokyo Stock Exchange, announced it had raised $215 million to acquire more Bitcoin, with plans to accumulate up to 3,000 BTC in the near future.
Bitcoin Hits All-Time High as Ethereum Rallies
On Wednesday, Bitcoin reached a new all-time high of $112,000, triggering nearly $200 million in liquidations for short sellers.
Meanwhile, Ethereum is also gaining momentum, with analysts predicting it could hit the $3,000 mark later this week thanks to a strong bullish market structure.
Over the past 24 hours, ETH has jumped 6.6% and is currently trading at $2,778, according to CoinGecko.
