After less than two months of trading, nine newly created Spot Bitcoin exchange-traded funds now hold more than $300,000. BTC
+11.33%
Assets under management exclude Grayscale’s convertible GBTC fund.
According to K33 Research, the nine new ETFs include Accumulated 303,002 BTC ($17 billion) as of yesterday’s close. These ETFs launching on January 11th include BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC). ), WisdomTree (BTCW).
To put this into context, the fledgling ETF currently holds nearly 1.5% of Bitcoin’s total supply of 21 million BTC. This is more than software company MicroStrategy’s 193,000 BTC and more than four times stablecoin issuer Tether’s 66,465 BTC. all A combination of public Bitcoin miners.
Bitcoin held by new ETF. image: K33 research.
According to BitMEX Research, BlackRock’s IBIT Spot Bitcoin ETF leads the way among new funds with over 128,000 BTC ($7 billion) in assets under management, while Fidelity’s FBTC ranks first among new funds with over 94,000 BTC ($5 billion). Second most common. data.
In contrast, assets held by Grayscale’s convertible GBTC fund have declined by more than 28% since January 11, from about 619,000 BTC ($35 billion) to 444,000 BTC ($25 billion), according to Coinglass. That’s what it means. data.
Grayscale Bitcoin holdings. image: coin glass.
Total net inflow exceeds $6 billion
After recording nearly $520 million in net inflows yesterday alone, total net inflows across U.S. spot Bitcoin ETFs reached more than $6 billion, the highest in two weeks, according to BitMEX Research. .
Fidelity’s FBTC led inflows on Monday, adding $243.3 million, while Ark Invest 21 Shares’ ARKB came in second, generating $130.6 million worth of inflows yesterday. BlackRock’s typically dominant IBIT ETF slipped to third place on Monday’s inflows, posting $111.8 million.
Meanwhile, Grayscale’s higher-fee convertible GBTC product saw outflows from the fund of just $22.4 million, the lowest outflow since its inception date. This is about half the amount of outflows from the previous business day, and only a fraction of the $7.5 billion in total outflows confirmed so far.
As The Block previously reported, the new Nine yesterday set a single-day record in terms of trading volume. The $2.4 billion in trading volume, which topped $1 billion and was led by BlackRock ETFs, was enough to surpass the previous single-day record set on the first day of trading.
Eric Balciunas, senior ETF analyst at Bloomberg, said: “It’s official… Nine new Bitcoin ETFs set new all-time volume records today with $2.4 billion. That’s barely above the opening day, but the most recent daily average. That’s about twice as much,” said Eric Balciunas, senior ETF analyst at Bloomberg. Posted With X.
According to The Block’s price page, Bitcoin is currently trading at $56,519. Bitcoin price has risen more than 10% in the past 24 hours and is up about 34% year-to-date.
BTC/USD price chart. Image: Block/TradingView.
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