Bitcoin ETFs now hold nearly $4 billion in assets | Headlines | News | CoinMarketCap
01/21/2024 02:37
After six full days of trading, 95,000 bitcoin are now held by the nine approved spot Bitcoin ETFs, bringing the value of their assets under …
After six full days of trading, 95,000 bitcoin are now held by the nine approved spot Bitcoin ETFs, bringing the value of their assets under management to nearly $4 billion dollars.
According to early numbers shared by Eric Balchunas, senior ETF analyst for Bloomberg, the inflows of capital into the nine new ETFs has outpaced outflows from the Grayscale Bitcoin Trust (GBTC), which has seen the value of its assets under management fall by $2.8 billion over the six-day period.
Of the nine ETFs, two have separated themselves from the pack: Fidelity’s (FBTC) and BlackRock’s iShares (IBIT), which have each seen over $1.2 billion in inflows over the six days of trading. While Fidelity’s ETF has seen slightly higher inflows, BlackRock’s currently has slightly more assets under …