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Since their inception, spot Bitcoin ETFs have accumulated roughly 68,500 BTC, currently valued at around $2.8 billion. In contrast, outflows from GBTC accounts reached approximately 38,000 BTC.
As per data from analyst CC15Capital, spot Bitcoin ETF accounts have increased by 30,496 BTC since their launch, taking into account the withdrawals from Grayscale Bitcoin Trust ETF (GBTC) accounts. Consequently, exchange-traded funds added $440 million (10,667 BTC) to their total assets by the end of the fifth trading day. The majority of this increase was attributed to BlackRock’s ETF, which accounted for $358 million (8,700 BTC).
Only Hunter Horsley, CEO of Bitwise, has officially disclosed the asset growth. The Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) saw its assets rise by $20 million (491 BTC) during the fifth trading session, elevating the fund’s total assets under management to $390 million (9,450 BTC) over the five-day period.
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Eric Balchunas, an analyst at Bloomberg, pointed out that spot Bitcoin ETFs, excluding GBTC, experienced a 34% surge in trading volume during the fifth trading session. The analyst remarked that such trends are infrequently seen, as typically, enthusiasm and trading volume tend to decline a few days post-launch.
Balchunas also noted that BlackRock and Fidelity’s spot Bitcoin ETFs rank fourth and fifth, respectively, in terms of weekly capital inflow among all U.S. ETFs. The leading three positions are occupied by iShares Core S&P 500 ETF (IVV), Vanguard S&P 500 ETF (VOO), and Invesco QQQ Trust Series 1 (QQQ), all of which track the performance of the largest publicly traded U.S. companies in various ways.
The activity surrounding spot Bitcoin ETFs has prompted a significant sell-off in BTC, impacting its price. Since January 11, when trading of these new instruments commenced, BTC has decreased by nearly 10%, reaching approximately $41,300 as of 13:00 (GMT+2) on January 19.
Сообщение Spot Bitcoin ETF Issuers Bought 30,496 BTC Since Launch появились сначала на CoinsPaid Media.
