This week Bitcoin spot ETF 3.7 trillion won net inflow... More than half concentrated in IBIT

Institutional funds are large-scale flowing into the U.S. Bitcoin spot ETF, with strong buying pressure continuing. According to Fasideinvestor, a total of 2.72 billion dollars, approximately 3.75 trillion won, has flowed into the U.S. BTC spot ETF this week (the second week of July).

The product that received the most funds is BlackRock's IBIT, which received a whopping 1.76 billion dollars, accounting for more than half of the total net inflows. Fidelity's FBTC received 399 million dollars, and ArkInvest's ARKB received 340 million dollars.

This week's scale of inflows is one of the most active fund movements of the year, suggesting that institutional investors' confidence is increasing again, intertwined with the rise in Bitcoin prices. As the indirect investment demand through ETFs continues to expand, expectations are growing in the market that it may act as an additional upward factor during the third quarter.