The nine newborn Bitcoin ETFs in the United States have managed to accumulate more than 300,000 BTC in assets under management in less than two months of operation . This astonishing achievement not only redefines the cryptocurrency investment landscape but also positions these funds as key players in the global financial market.
Bitcoin ETFs Reach 300,000 BTC: Details and Analysis
Launched on January 11, the nine ETFs, led by giants such as BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark Invest 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR) , Franklin Templeton (EZBC) and WisdomTree (BTCW), have accumulated an impressive 303,002 BTC, equivalent to approximately $17 billion, according to data from K33 Research.
This milestone means that these new funds now hold close to 1.5% of the total Bitcoin supply, representing a considerable share of the cryptocurrency market. For context, this amount exceeds the holdings of big players like MicroStrategy, Tether , and all public Bitcoin miners combined.
Among these nine, BlackRock’s IBIT spot Bitcoin ETF leads with over 128,000 BTC ($7 billion) in assets under management. Fidelity, with its FBTC, remains in second place with more than 94,000 BTC ($5 billion), according to data provided by BitMEX Research.
In contrast to these successes, Grayscale’s GBTC converted fund has seen a 28% drop in its assets since January 11, falling from approximately 619,000 BTC ($35 billion) to 444,000 BTC ($25 billion), according to CoinGlass.
Record net flows from ETFs
The daily net flows of these ETFs reached the impressive $500 million mark last Monday, accumulating total net flows exceeding $6 billion. Fidelity’s FBTC led with $243.3 million, followed by Ark Invest 21 Shares’ ARKB with $130.6 million. The usually dominant BlackRock fell to third place with $111.8 million.
Even with higher fees, Grayscale’s product GBTC saw its lowest outflows since its launch, with just $22.4 million leaving the fund. This is just a fraction of the total $7.5 billion in outflows you have experienced to date.
Record volume and market outlook
In addition to the impressive net flows, these new ETFs set a daily record in terms of volume, reaching $2.4 billion in trading. This record, led by the BlackRock ETF surpassing the $1 billion mark, is a testament to investors’ growing interest and confidence in these financial instruments.
“It’s official… The new nine Bitcoin ETFs have broken the all-time volume record today with $2.4 billion, barely beating the first day, but about double their recent daily average,” announced Eric Balchunas, senior analyst at Bloomberg ETFs.
Currently, Bitcoin is trading at $57,099, according to data from CoinGecko. The price of bitcoin has risen more than 11% in the last 24 hours and is now up around 34% so far this year.
