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Growing institutional confidence is indicated by Bitcoin’s record-breaking gain and consistent ETF inflows. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="nofollow">statistics</a> from SoSoValue, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) spot ETFs showed a net inflow of $637 million on Dec. 16, the 13th day in a row that inflows have been positive. Bitcoin is hitting new all-time highs at the same time as this continuous investment boom, indicating rising investor confidence in the cryptocurrency sector. 
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 <img loading="lazy" decoding="async" width="1774" height="164" src="https://crypto.news/app/uploads/2024/12/sos-1.png" alt="Bitcoin spot ETF net inflow reaches $637m - 18" class="wp-image-14320011">
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 Source: <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="nofollow">SoSoValue</a>
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With the largest one-day inflow of $418 million, BlackRock’s IBIT took the lead and accumulated a total net inflow of $36.3 billion. With $116 million, Fidelity’s FBTC came next, increasing its overall net inflow to $12.4 billion. Grayscale’s GBTC, however, continued its upward trend with a net inflow of $17.65 million. Bitwise’s BITB and Ark’s ARKB are two more noteworthy contributors that show widespread institutional involvement across several funds. 
 You might also like: <a rel="" href="https://crypto.news/blackrock-etf-could-push-btc-valuation-11x-scaramucci-says/"> BlackRock ETF could push BTC valuation 11x, Scaramucci says </a> 
The price of Bitcoin hit a fresh <a rel="" href="https://crypto.news/bitcoin-hits-new-record-high-with-surge-to-107k/">record high</a> of almost $107,000 on Dec. 16. Several things have contributed to this milestone, such as President-elect Donald Trump’s pro-crypto views and intentions to create a strategic Bitcoin reserve in the United States, which have increased market confidence. 
At $120.7 billion, the total net asset value of Bitcoin spot ETFs represents 5.76% of the market capitalization of Bitcoin. 
According to some forecasts, Bitcoin’s value might <a rel="" href="https://crypto.news/the-intersection-of-trumps-promises-and-bitcoins-250k/">rise</a> to $250,000 as a result of the combination of consistent ETF inflows and encouraging legislative changes. 
 You might also like: <a rel="" href="https://crypto.news/matthew-sigel-says-btc-needs-more-corporate-adoption/"> Bitcoin is “under-exposed” to corporate adoption, says VanEck’s Matthew Sigel </a>

Bitcoin spot ETF net inflow reaches $637m

crypto.news

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