Bitcoin ETFs accumulate 95,000 BTC in 6 days, approaching $4B AUM.
The nine authorized Bitcoin exchange-traded funds (ETFs) now hold a total of 95,000 Bitcoin (BTC) after six full days of trading, with assets under management (AUM) approaching $4 billion.
In data released by Eric Balchunas, senior ETF analyst at Bloomberg, capital inflows into the nine most recently launched ETFs surpassed outflows from Grayscale Bitcoin Trust (GBTC). GBTC assets fell by $2.8 billion in six days.
Among the nine ETFs, Fidelity's ( FBTC ) and BlackRock's iShares ( IBIT ) stood out, both earning more than $1.2 billion in six days of trading. Although Fidelity's ETF has a slightly higher income stream, BlackRock currently has slightly more assets under management, with $1.4 billion compared to Fidelity's nearly $1.3 billion.
Latest: While $GBTC saw outflows of -$590m on Friday, the nine were more than capable at +$623m (3rd best day), $IBIT and $FBTC both >$200m, $BTCO and $HODL had their best run to date. . TOT NET FLOWS stand at +$1.2b as Nine's aum hits $4b vs GBTC's -$2.8b, aum share rises to 14%. pic.twitter.com/nB57H8Ro8s
— Eric Balchunas (@EricBalchunas) January 20, 2024
Invesco ETF (BTCO) came in third and maintained steady growth. Friday marked its best day for earnings, pulling in more than $63 million, although its total assets under management failed to exceed $200 million. VanEck's ETF ( HODL ) also had an important day for inflows, pushing its total assets above $100 million.
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However, on their fifth day of trading, investors added $440 million worth of Bitcoin net to their holdings, according to data collected by the X (formerly Twitter) account CC15Capital on January 17.
BlackRock ETF led the way with 8,700 BTC worth $358 million. Excluding Greyscale, nine ETFs have raised about $2.8 billion since inception, worth 68,500 BTC, the data revealed.
Meanwhile, on January 18, Balchunas shared data highlighting the “newborn nine,” for the new spot Bitcoin ETFs, excluding GBTC, saw a 34% increase in daily trading on the fifth day.
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