Spot Bitcoin ETFs celebrate 1st birthday with 1.13 million BTC under management
The post Spot Bitcoin ETFs celebrate 1st birthday with 1.13 million BTC under management appeared on BitcoinEthereumNews.com.
Spot Bitcoin ETFs in the United States reach their first anniversary tomorrow after over $35 billion in inflows and assets under management of 1.13 million BTC, according to Farside Investors data. BlackRock led the year with $37.85 billion, offset by Grayscale’s net outflow of $21.58 billion. Fidelity’s $12.14 billion is in second place, while Ark and Bitwise also broke $2 billion, with the rest bringing in between $200 and $800 million. Within three months of launch, IBIT’s assets under management stood at $15 billion, while FBTC reached $8 billion. Cumulative net inflows across all Bitcoin ETFs eventually rose to $36.3 billion, with total net assets at $107 billion or 1.13 million BTC. While the inflows represent new money entering the Bitcoin ETFs, the total AUM reflects the combined effect of these inflows, Bitcoin’s price appreciation, and the existing holdings of converted funds. The AUM can be significantly larger than the reported inflows alone. Name Ticker BTC USD iShares Bitcoin Trust (Blackrock) IBIT:NASDAQ 557,881.8 $52,944,327,315 Fidelity Wise Origin Bitcoin Fund FBTC:CBOE 205,488.5 $19,501,353,877 Grayscale Bitcoin Trust GBTC:NYSE 204,411.5 $19,399,143,981 ARK 21Shares Bitcoin ETF ARKB:CBOE 46,747.9 $4,436,488,372 Bitwise Bitcoin ETF BITB:NYSE 40,793.7 $3,871,420,442 Grayscale Bitcoin Mini Trust BTC:NYSE 38,951.2 $3,696,562,752 Vaneck Bitcoin Trust HODL:CBOE 13,999.6 $1,328,595,779 Valkyrie Bitcoin Fund BRRR:NASDAQ 8,806.5 $835,758,073 Franklin Bitcoin ETF EZBC:CBOE 7,566.6 $718,088,575 Invesco Galaxy Bitcoin ETF BTCO:CBOE 7,282.2 $691,098,330 WisdomTree Bitcoin Fund BTCW:CBOE 3,861 $366,418,205 Hashdex Bitcoin ETF DEFI:NYSE 157.8 $14,975,600 Totals: 1,135,948 $107,804,230,461 Spot Bitcoin ETF assets (Source: Bitbo) The broad acceptance of these ETFs has spurred speculation around additional crypto-focused offerings. Record-breaking Bitcoin inflows contributed to hopes for a future wave of digital asset funds, with analysts projecting $35 billion in potential Bitcoin ETF inflows in 2025. Meanwhile, Bitcoin itself has maintained a trading range near five figures ahead of the anniversary, moving between…
Filed under: News - @ January 10, 2025 10:25 am