Viewpoint: The inflow of funds into Bitcoin ETFs is concentrated among leading institutions, reflecting stronger institutional demand compared to widespread participation from retail investors

ChainCatcher news, Matrixport released the latest report stating that the net inflow of funds into Bitcoin ETFs is just slightly above zero, despite a strong performance at the beginning of the year, which recorded nearly $5.5 billion in inflows.

This phenomenon is quite surprising, as Bitcoin has outperformed U.S. tech stocks this year, while gold has also reached an all-time high. Notably, the total net inflow into Bitcoin ETFs is $35.5 billion, with BlackRock accounting for $39.6 billion and Fidelity for $11.4 billion, together making up the vast majority of the share.

In contrast, the inflows from other ETF issuers are relatively limited. This indicates that the current buying is more likely coming from a specific institutional client group, rather than being driven by widespread retail funds—if it were the latter, the inflows would be more evenly distributed among various ETF providers.