The recently approved Spot Bitcoin (BTC) exchange-traded fund (ETF) now holds a total of 95,000 Bitcoins after six full days of trading, with assets under management (AUM) approaching $4 billion. .
in data disclosed Capital inflows into the recently launched ETF exceeded outflows from the Grayscale Bitcoin Trust (GBTC), according to Eric Balchunas, senior ETF analyst at Bloomberg. GBTC's assets under management fell by $2.8 billion in the first six days of trading.
Among ETFs, Fidelity (FBTC) and BlackRock's iShares Bitcoin Trust (IBIT) have both seen more than $1.2 billion in inflows. Although FBTC has slightly higher inflows, IBIT currently has more assets under management at $1.4 billion compared to Fidelity's approximately $1.3 billion.
Latest: Despite $GBTC After a Gash Friday with a -$590 million outflow, The Nine dominated with +$623 million (3rd best day), $IBIT & $FBTC While both exceed $200 million, $BTCO & $HODL We had the best harvest ever. TOT NET FLOWS was +$1.2 billion as Nine's Aum reached $4 billion versus his GBTC of -$2.8 billion, and Aum's share rose to his 14%. pic.twitter.com/nB57H8Ro8s
— Eric Balchunas (@EricBalchunas) January 20, 2024
Invesco's ETF ranks third and maintains stable growth. Friday, January 19th was the highest inflow day, with more than $63 million raised, but total assets under management did not exceed $200 million. The VanEck ETF also had its highest day of inflows on Friday, with total assets under management exceeding $100 million.
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On the 5th trading day, BTC ETF gained a total of $440 million in Bitcoin. According to data collected by X (formerly Twitter) account CC15Capital on January 17th, voices from investors.
BlackRock’s IBIT led the way with 8,700 BTC (worth about $358 million). The data revealed that nine ETFs, excluding Grayscale, have acquired approximately 68,500 BTC (equivalent to approximately $2.8 billion) since their inception.
Meanwhile, on January 18th, Balchunas share Highlighting the “Newborn Nine” (his term for the new spot Bitcoin ETF excluding GBTC), the data shows daily trading volume increased by 34% by the fifth day of trading.
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