BlackRock’s IBIT has raised the most funds with over $600 million, followed by Fidelity’s FBTC with $301 million 12 Spot Bitcoin ETFs have collectively raised $30.35 billion since launching in January brought in dollars
Yesterday, the US Spot Bitcoin Exchange Traded Fund (ETF) saw total daily net inflows reach $1 billion, as Bitcoin neared the $100,000 mark.
BlackRock’s iShares Bitcoin Trust (IBIT) had the most inflows, collecting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF collected $68 million, while Ark and 21Shares’ ARKB collected $17.18 million.
Grayscale’s GBTC was the only company with negative net flows, posting an outflow of $7.8 million.
The 12 Spot Bitcoin ETFs have generated a total of $30.35 billion in revenue since they were approved by the U.S. Securities Commission (SEC) and launched in January.
On November 22nd, Bitcoin rose to the $100,000 level, and as the bull market continued, trading among spot Bitcoin ETFs increased.
The influx also came after BlackRock began option contracts earlier this week. On the first day of trading, BlackRock options brought in nearly $2 billion, helping push Bitcoin above $94,000.
Grayscale announced this week that it will also launch a Bitcoin ETF option following BlackRock’s impressive debut and growing investor interest.
As trading through spot Bitcoin ETFs continues, it is becoming clear that these vehicles are one of the primary ways investors hold Bitcoin. According to Bloomberg analyst Eric Balchunas, U.S. Bitcoin ETF assets have reached $100 billion, adding that for X:
“They are now 97% of the way to overtaking Satoshi as the largest holder and 82% of the way to overtaking the gold ETF.”
Speaking of the “100” milestone, US Bitcoin ETFs have reached $100 billion in total assets (more like $104 billion given the overnight price spike), but year-to-date flows have been $30 billion. (twice our estimate). They are currently 97% of the way to overtaking Satoshi as the largest holder and 82% of the way to overtaking gold ETFs. pic.twitter.com/Y3070yW7J×
— Eric Balchunas (@EricBalchunas) November 21, 2024
Elsewhere in the market, Ethereum is up more than 7% over the past week to $3,285, Solana is up nearly 20% at $253, and at the same time XRP is up nearly 60% to $1.44, according to CoinMarketCap. Ta. .
