Less than two months after trading began, the nine newborn spot Bitcoin exchange-traded funds now hold more than 300,000 BTC
+11.81%
in assets under management – with the exception of Grayscale's converted GBTC fund.
According to K33 Research, the nine new ETFs had accumulated 303,002 BTC ($17 billion) as of yesterday's close. These ETFs will launch on January 11th: BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR) and Franklin Templeton (EZBC ). ) and WisdomTree (BTCW).
To put that into context, the new ETFs now hold almost 1.5% of the total Bitcoin supply of 21 million BTC. That's more than software company MicroStrategy's 193,000 BTC, more than four times stablecoin issuer Tether's 66,465 BTC, and more than all public Bitcoin miners combined.
Bitcoin is held by new ETFs. Image: K33 Research.
According to data from BitMEX Research, BlackRock's IBIT Spot Bitcoin ETF leads the way with over 128,000 BTC ($7 billion) in assets under management, with Fidelity's FBTC leading the way with more than 94,000 BTC ($5 billion). dollars) is the second highest among the new funds.
In contrast, assets of Grayscale's converted GBTC fund have fallen by over 28% since January 11, from around 619,000 BTC ($35 billion) to 444,000 BTC ($25 billion), according to data from CoinGlass.
Grayscale Bitcoin holdings. Image: CoinGlass.
Total net inflows exceed $6 billion
Total net inflows across all US spot Bitcoin ETFs reached more than $6 billion, after recording nearly $520 million in net inflows yesterday alone – the highest in two weeks, according to BitMEX Research.
Fidelity's FBTC led inflows on Monday, adding $243.3 million, while Ark Invest 21 Shares' ARKB was second, generating $130.6 million worth of inflows yesterday. BlackRock's normally dominant IBIT ETF slipped to third place on Monday amid inflows, recording $111.8 million.
Meanwhile, Grayscale's higher-fee converted GBTC product saw its lowest outflows since launch day, with just $22.4 million leaving the fund – about half of the previous trading day's outflows and a fraction of the total outflows of $7.5 billion. dollars recorded so far.
As The Block previously reported, the newborn nine also set a daily record day in terms of volume yesterday. Trading volume of $2.4 billion, led by BlackRock's ETF crossing the $1 billion mark, was enough to surpass the previous daily record set by the instruments' first day of trading.
“It's official… The new nine Bitcoin ETFs broke all-time record volume today at $2.4 billion, just barely topping day one but about double their recent daily average,” posted Eric Balchunas, senior ETF Analyst at Bloomberg, on X.
According to The Block's price page, Bitcoin is currently trading at $56,519. The price of Bitcoin has risen by more than 10% in the last 24 hours and is now up around 34% year-to-date.
BTC/USD price chart. Image: The Block/TradingView.
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