After six days of trading, there are now 95,000 Bitcoins held in nine authorized spot Bitcoin ETFs, bringing the value of assets under management to nearly $4 billion.
Capital inflows into the nine new ETFs have outpaced outflows from the Grayscale Bitcoin Trust (GBTC), which has seen its assets under management decline by $2.8 billion, according to early figures shared by Eric Balchunas, senior ETF analyst at Bloomberg. For 6 days.
Of the nine ETFs, two – Fidelity (FBTC) and BlackRock’s iShares (IBIT) – broke away from the pack, each receiving more than $1.2 billion in inflows over six days of trading. Fidelity’s ETFs have seen slightly more inflows, but BlackRock now manages slightly more assets, at $1.4 billion compared to Fidelity’s nearly $1.3 billion.
However, Invesco’s ETF (BTCO), ranked third, showed steady growth. Friday was the best day for inflows, bringing in more than $63 million, but total assets under management have yet to surpass $200 million. VanEck’s ETF (HODL) also had its best day of inflows, with total assets under management exceeding $100 million.
Friday marked the third-highest trading volume across all spot Bitcoin ETFs, with GBTC accounting for the majority of that volume, according to data from The Block.
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