- ETFs initiated by BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC), and WisdomTree (BTCW).
- This surpasses the total holdings of software company MicroStrategy’s 193,000 BTC, stablecoin issuer Tether’s 66,465 BTC, and all publicly traded bitcoin miners combined.
- Total net inflows into all spot bitcoin ETFs in the United States surpassed $6 billion after nearly $520 million in net inflows recorded in just one day, according to BitMEX Research.
Spot Bitcoin ETFs, which began trading in January, have managed to hold more than 300,000 BTC in assets; Here is the spot Bitcoin ETF market!
Spot Bitcoin ETFs Hold 300,000 BTC
Nine new spot bitcoin exchange-traded funds (ETFs) that started trading less than two months ago reportedly now hold 303,002 BTC (worth $17 billion), excluding Grayscale’s converted GBTC fund.
According to K33 Research, these nine ETFs, initiated by BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC), and WisdomTree (BTCW), reached this BTC amount by the close of trading yesterday.
This means that these newborn ETFs currently hold nearly 1.5% of the total supply of 21 million BTC. This surpasses the holdings of software company MicroStrategy’s 193,000 BTC, stablecoin issuer Tether’s 66,465 BTC, and all publicly traded bitcoin miners combined.
BlackRock’s IBIT spot bitcoin ETF leads with assets surpassing 128,000 BTC (worth $7 billion), and Fidelity’s FBTC fund ranks as the second-highest among the new funds, exceeding 94,000 BTC (worth $5 billion), according to BitMEX Research data.
In contrast, assets of Grayscale’s converted GBTC fund have decreased from 619,000 BTC (worth $35 billion) on January 11th to 444,000 BTC (worth $25 billion), according to CoinGlass data.
Total net inflows exceed $6 billion
Total net inflows into all spot bitcoin ETFs in the United States surpassed $6 billion after nearly $520 million in net inflows recorded in just one day, according to BitMEX Research. Fidelity’s FBTC added $243.3 million in Monday’s inflows, and Ark Invest 21 Shares’ ARKB ranked second with $130.6 million in inflows recorded yesterday. BlackRock’s usually dominant IBIT ETF slipped to third place in Monday’s inflows, recording $111.8 million.
Meanwhile, Grayscale’s higher-fee converted GBTC product experienced an outflow of only $22.4 million, representing half of the total $7.5 billion outflow it has seen since the start.
As previously reported, the nine newborn ETFs set a daily record for the highest trading volume yesterday. With $2.4 billion in transactions, the trading surpassed the previous daily record on the first day instruments were traded, allowing BlackRock’s ETF to surpass $1 billion.
Bitcoin is currently trading at $56,519 according to data. Bitcoin’s price has increased by over 10% in the last 24 hours and has risen by 34% since the beginning of the year.
