Bitcoin ETFs amass 95,000 BTC in 6 days, approaching $4B AUM

The nine approved spot Bitcoin exchange-traded funds (ETFs) now collectively hold 95,000 Bitcoin (BTC) after six full days of trading, with assets under management (AUM) approaching $4 billion.

In the data disclosed by Eric Balchunas, a senior ETF analyst at Bloomberg, the capital influx into the nine recently launched ETFs has surpassed the outflows from the Grayscale Bitcoin Trust (GBTC). GBTC’s assets under management have decreased by $2.8 billion in the six days.

Among the nine ETFs, Fidelity’s (FBTC) and BlackRock's iShares (IBIT) have distinguished themselves, with both experiencing over $1.2 billion in inflows in the six days of trading. Although Fidelity’s ETF has slightly higher inflows, BlackRock's currently holds slightly more assets under management, with $1.4 billion compared to Fidelity’s nearly $1.3 billion.

LATEST: Despite $GBTC seeing a -$590m outflow gash friday, The Nine overwhelmed it w/ +$623m (3rd best day), $IBIT & $FBTC both >$200m while $BTCO & $HODL had their best hauls to date. TOT NET FLOWS stand at +$1.2b as Nine's aum hit $4b vs GBTC's -$2.8b, upping aum share to 14%. pic.twitter.com/nB57H8Ro8s

— Eric Balchunas (@EricBalchunas) January 20, 2024

Invesco’s ETF (BTCO) came in third and has maintained steady growth. Friday marked its best day for inflows, attracting over $63 million, although its total assets under management have not surpassed the $200 million mark. VanEck’s ETF (HODL) also experienced its most significant day for inflows, pushing its total assets under management beyond $100 million.

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However, on their fifth trading day, according to data gathered by X (formerly Twitter) account CC15Capital on Jan. 17, a net of $440 million in Bitcoin was added to their holdings by investors.

BlackRock's ETF led the way with 8,700 BTC, valued at nearly $358 million. The data revealed that nine ETFs, excluding Grayscale, acquired almost 68,500 BTC, valued at around $2.8 billion, since their inception.

Meanwhile, on Jan. 18, Balchunas shared data emphasizing the “Newborn Nine,” his term for the new spot Bitcoin ETFs excluding the GBTC, experienced a 34% increase in daily trading volume by the fifth day of trading.

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