In less than a month of trading, the nine newly established spot Bitcoin exchange-traded funds (ETFs) collectively hold over 200,000 BTC in assets under management. This figure excludes Grayscale’s converted GBTC fund.
According to K33 Research, the nine newly launched ETFs had accumulated a total of 203,811 bitcoins, equivalent to $9.5 billion as of February 8 2024. These ETFs, launched on January 11 2024, include offerings from:
- BlackRock (IBIT)
- Fidelity (FBTC)
- Bitwise (BITB)
- Ark 21Shares (ARKB)
- Invesco (BTCO)
- VanEck (HODL)
- Valkyrie (BRRR)
- Franklin Templeton (EZBC)
- WisdomTree (BTCW)
The newly established ETFs now collectively hold nearly 1% of Bitcoin’s total supply of 21 million BTC. This amount surpasses the holdings of:
- Software company, MicroStrategy, which owns 190,000 BTC
- Stablecoin issuer Tether’s 66,465 BTC by over three times
- The combined holdings of all public Bitcoin miners
There we have it! The new nine have amassed more than 200k BTC.
Second-strongest daily U.S. spot flow since launch yesterday.
Since launch, the total net inflow to U.S. spot ETFs sits at a massive 51,134 BTC. pic.twitter.com/6RFugg7jZO
— Vetle Lunde (@VetleLunde) February 9, 2024
As per data from BitMEX Research, BlackRock’s IBIT spot Bitcoin ETF is leading the pack with over 80,000 BTC ($3.7 billion) in assets under management. Following closely is Fidelity’s FBTC, with more than 68,000 BTC ($3.2 billion) in assets.
According to Bloomberg ETF analyst, Eric Balchunas, the holdings of IBIT and FBTC also lead among the top 25 newly established ETFs overall after one month of trading.
Here's a look at the Top 25 ETFs by assets after 1 month on the market (out of 5,535 total launches in 30yrs). $IBIT and $FBTC in league of own w/ over $3b each and they still have two days to go. $ARKB and $BITB also made list. pic.twitter.com/Yyi1nxukUk
— Eric Balchunas (@EricBalchunas) February 8, 2024
In contrast, assets held by Grayscale’s converted GBTC fund have declined by almost 25%, dropping from approximately 619,000 BTC ($28.8 billion) to 469,000 BTC ($21.8 billion) since January 11 2024.
According to K33 Research analyst, Vetle Lunde, February 8 2024 marked the strongest daily net inflow into all Bitcoin investment vehicles globally since January 2021. Lunde mentioned, ‘4.52% of the circulating BTC supply is currently held by investment vehicles,’ with a total of 887,443 BTC in assets under management.
BTC Last 30 DaysBitcoin is presently trading above $48,075, nearing the $48,494 figure that was achieved on January 11 2024, the day the ETFs were approved.
Over the past week, Bitcoin’s price has risen by 9.8% and by 110.3% year-to-date, according to CoinGecko.
Follow us on Twitter for latest posts and updates
Join and interact with our Telegram community
_____________________________________
_____________________________________
