Spot Bitcoin (BTC) ETFs are doing well as their inflows accelerate, helped by institutional and retail investors.

Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion.

Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and Invesco’s BTCO, holding 47,765, 39,420, and 7,197 coins respectively.

In contrast, the Grayscale Bitcoin Trust (GBTC), which was once the largest Bitcoin ETF, has seen a significant outflow, losing over …