Nine Bitcoin ETFs have accumulated a total of 95,000 BTC in six days, with assets under management nearing 4 billion dollars.
Sep 18, 2024 03:48:32
ChainCatcher news, according to Cointelegraph, after six days of trading, the nine approved spot Bitcoin ETFs currently hold approximately 95,000 Bitcoins, with assets under management (AUM) nearing $4 billion. Data disclosed by Bloomberg's senior ETF analyst Eric Balchunas shows that the inflows for the recently launched nine ETFs have already surpassed the outflows from Grayscale's GBTC. The assets managed by GBTC decreased by $2.8 billion within six days.
Among these nine ETFs, Fidelity (FBTC) and BlackRock's iShares (IBIT) have performed exceptionally well, with inflows exceeding $1.2 billion during the six days of trading. Although Fidelity's ETF had slightly higher inflows, BlackRock currently manages slightly more assets, at $1.4 billion, compared to Fidelity's nearly $1.3 billion. Invesco's ETF (BTCO) ranks third and maintains steady growth.
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