The U.S.-traded Spot Bitcoin (BTC) exchange-traded fund (ETF) has recorded weekly net inflows of $2.71 billion over the past five business days.
The iShares Bitcoin Trust (IBIT) fund is managed by BlackRock. It led the capital injection, investing $2.63 billion, approximately 97% of the inflow. Total net income of Spot Bitcoin ETF.
This was followed by the Fidelity Wise Origin Bitcoin Fund (FBTC), managed by Fidelity, with net inflows of $88 million.
The following graph provided by SosoValue shows what the flow of funds to and from the BTC ETF looks like.
In contrast, Grayscale’s Grayscale Bitcoin Trust (GBTC), Investment trend continues with weekly net outflows of 93 million yen. The total net assets under management of Bitcoin ETFs are $158 billion.
ETF performance directly affects the price of BTC. Custodians of these financial instruments must purchase Bitcoin to back their outstanding shares and hold it in their own vaults.
An increase in demand for the ETF leads to direct purchases of the currency in the market, causing the price to rise through the laws of supply and demand.
Bitcoin price faced a volatile situation last week. After reaching an all-time high of over $126,000 on Monday, October 6, the digital asset underwent a correction on Friday. Falling to levels close to $102,000.
CriptoNoticias reported that part of the decline was attributed to US President Donald Trump’s threat to impose additional tariffs on Chinese goods.
However, BTC prices have shown resilience, supported by constant inflows of ETFs. Currently, the price of the digital asset has recovered and is around $114,600. This move highlights the growing importance of Wall Street capital as a stabilizing factor in digital currency markets.
