Bitcoin ETF becoming a major catalyst? Bitcoin sees consecutive days of gains, with stable increase in ETF net inflows

Bitcoin surpassed $50,000 during the Chinese New Year period. In addition to the performance of the US stock market, many people attributed this surge to the brewing of net inflows into "Bitcoin spot ETFs."

ETF Issuers Enter New Competition Phase: BlackRock Sees Surge in Inflows

On 2/12, BlackRock's IBTC saw another wave of high inflows, with $386 million on the second day of launching the commodity, followed by $374 million in net inflows, ranking first among all issuers. Other competitors are experiencing reduced inflows, with Investo's BTCO even showing net outflows for two consecutive trading days, and GBTC continues to show net outflows, although significantly less compared to the previous two weeks.

It appears that BlackRock and Fidelity have more stable scales, while GBTC's competitiveness against other commodities will only be evident once the outflow trend stops.