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US Bitcoin ETFs Surpass 500,000 BTC in Inflows, Reaching $50.6 Billion
The post US Bitcoin ETFs Surpass 500,000 BTC in Inflows, Reaching $50.6 Billion appeared on BitcoinEthereumNews.com. U.S. spot Bitcoin ETFs surpassed 500,000 BTC in cumulative inflows, totaling $50.6 billion. Since launch, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. BlackRock, Fidelity, and others lead the way, while Grayscale faces significant outflows. U.S. spot Bitcoin ETFs, launched just eleven months ago, have reached $50.6 billion in cumulative net inflows as of December 11th. This translates to 500,000 BTC, given Bitcoin’s current market value of $101,000. This milestone shows the immense investor appetite for regulated Bitcoin exposure and makes it one of the fastest-growing ETFs in history. Since their launch in January, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. Vetle Lunde, Head of Research at K33 Research, shared a chart highlighting the year-long steady growth in net flows into Bitcoin spot ETFs: February 15: 100,423 BTC March 12: 203,103 BTC August 26: 302,221 BTC November 7: 405,270 BTC December 11: 500,925 BTC Asset Managers Leading Bitcoin Inflows Notably, the asset managers that have led the inflows include BlackRock, Fidelity, ARK, 21Shares Bitcoin ETF, and Bitwise. Specifically, BlackRock’s IBIT has registered total inflows of $35 billion, while Fidelity’s FBTC has seen $12.22 billion. ARK’s ARKB and Bitwise’s BITB are further behind, with inflows of $2.64 billion and $2.21 billion, respectively. However, other asset managers have seen inflows in the millions, lagging far behind. They include WisdomTree, VanEck, Coinshares Valkyrie, Franklin, and Invesco Galaxy Bitcoin ETF. Meanwhile, Grayscale has recorded a massive outflow of $20.89 billion since its launch, with the trend of outflows remaining consistent and showing no signs of subsiding. script async src=”https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-4555727647488844″ crossorigin=”anonymous”> In addition to cumulative inflows into Bitcoin spot ETFs, these ETFs recently made history by surpassing 1.1 million BTC in total holdings, putting them ahead of Satoshi Nakamoto and making them the largest holder of Bitcoin. Overall, the rapid…
The post US Bitcoin ETFs Surpass 500,000 BTC in Inflows, Reaching $50.6 Billion appeared on BitcoinEthereumNews.com.
U.S. spot Bitcoin ETFs surpassed 500,000 BTC in cumulative inflows, totaling $50.6 billion. Since launch, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. BlackRock, Fidelity, and others lead the way, while Grayscale faces significant outflows. U.S. spot Bitcoin ETFs, launched just eleven months ago, have reached $50.6 billion in cumulative net inflows as of December 11th. This translates to 500,000 BTC, given Bitcoin’s current market value of $101,000. This milestone shows the immense investor appetite for regulated Bitcoin exposure and makes it one of the fastest-growing ETFs in history. Since their launch in January, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. Vetle Lunde, Head of Research at K33 Research, shared a chart highlighting the year-long steady growth in net flows into Bitcoin spot ETFs: February 15: 100,423 BTC March 12: 203,103 BTC August 26: 302,221 BTC November 7: 405,270 BTC December 11: 500,925 BTC Asset Managers Leading Bitcoin Inflows Notably, the asset managers that have led the inflows include BlackRock, Fidelity, ARK, 21Shares Bitcoin ETF, and Bitwise. Specifically, BlackRock’s IBIT has registered total inflows of $35 billion, while Fidelity’s FBTC has seen $12.22 billion. ARK’s ARKB and Bitwise’s BITB are further behind, with inflows of $2.64 billion and $2.21 billion, respectively. However, other asset managers have seen inflows in the millions, lagging far behind. They include WisdomTree, VanEck, Coinshares Valkyrie, Franklin, and Invesco Galaxy Bitcoin ETF. Meanwhile, Grayscale has recorded a massive outflow of $20.89 billion since its launch, with the trend of outflows remaining consistent and showing no signs of subsiding. script async src=”https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-4555727647488844″ crossorigin=”anonymous”> In addition to cumulative inflows into Bitcoin spot ETFs, these ETFs recently made history by surpassing 1.1 million BTC in total holdings, putting them ahead of Satoshi Nakamoto and making them the largest holder of Bitcoin. Overall, the rapid…
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