The surge in Bitcoin ETFs reflects institutional confidence, as funds now control about 4% of Bitcoin supply.
ETFs saw record-breaking inflows, with a total value of $555.9 million—their largest daily net inflow since June, according to
Fidelity’s FBTC led the charge and logged an impressive $239.3 million, marking its highest inflow since the 4th of June. Excluding GBTC, the nine new Bitcoin ETFs owned around 646,000 BTC, with GBTC adding 223,000 BTC to the total.BlackRock and Fidelity. In contrast, ETF trades totaled just $2 billion, capturing approximately 3% of the day’s overall BTC market volume.Well, this is also because determining the exact share of ETF inflows driven by the “basis trade,” or cash and carry trade, remains challenging.Major institutions like Goldman Sachs and Jane Street Capital are engaged in creating and redeeming ETF shares, which stabilizes the ETF’s price and liquidity.
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