New spot bitcoin ETFs amass 150,000 BTC as GBTC market share falls to 36% | Headlines | News | CoinMarketCap
01/30/2024 18:34
The nine new spot Bitcoin exchange-traded funds have now amassed more than 150,000 BTC ($6.5 billion) in assets under management, excluding …
The nine new spot Bitcoin exchange-traded funds have now amassed more than 150,000 BTC ($6.5 billion) in assets under management, excluding Grayscale’s converted GBTC fund, according to data from K33 Research.
These ETFs are BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC) and WisdomTree (BTCW).
In total, the new ETF holdings reached 150,846 BTC as of Monday, up from 108,908 BTC on Jan. 22 and 47,652 BTC on Jan. 16. This excludes GBTC, which has seen the value of its assets under management fall by 126,482 BTC ($5.5 billion) since the ETFs launched on Jan. 11, according to BitMEX Research.
GBTC’s spot bitcoin ETF market share by …