US spot Bitcoin ETFs have reached $30 billion in net income since January
BlackRock's IBIT attracted more than $600 million, followed by Fidelity's FBTC at $301 million.12 position Bitcoin ETFs have brought in a total of $30.35 billion since launching in January.
US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily gross net income as Bitcoin neared the $100k mark.
BlackRock's iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity's FBTC followed with $300.95 million. Bitwise's Bitcoin ETF brought in $68 million, while Ark and 21Shares' ARKB attracted $17.18 million.
Greyscale's GBTC had the only negative net outflow, recording an outflow of $7.8 million.
The 12-position Bitcoin ETFs have raised a combined $30.35 billion since their launch in January following approval from the US Securities and Exchange Commission (SEC).
Heavy trading among Bitcoin ETFs followed the continuation of the bull run when Bitcoin climbed to the $100k mark on November 22nd.
The earnings also come after BlackRock launched options contracts earlier this week. During the first day of trading, BlackRock options brought in nearly $2 billion, helping to push bitcoin above $94,000.
Grayscale announced this week that it is launching Bitcoin ETF options following BlackRock's impressive debut and increased investor interest.
As trading continues through spot Bitcoin ETFs, it is becoming clear that these are the main ways investors can hold Bitcoin. According to Bloomberg analyst Eric Balchunas, US Bitcoin ETFs hit $100 billion in assets, adding to X.
“Now they are 97%. [the] Way to pass as Satoshi [the] The largest owner and 82% of [the] Ways to Bypass Gold EFS
Speaking of “100” milestones, US Bitcoin ETFs hit $100B in assets (plus a $104b price increase overnight) w/ YTD flirting with $30b (double our estimate). Now 97% and 82% of gold ETFs are on track to overtake Satoshi as the largest holding. pic.twitter.com/Y3070yW7Jx
— Eric Balchunas (@EricBalchunas) November 21, 2024
Elsewhere, in the market, Ethereum has increased by more than 7% in the last week at $ 3,285, Solana has increased by almost 20% at $ 253, and XRP has increased by 60% to $ 1.44 at the same time, according to CoinMarketCap. .
