Bitcoin ETF

Bitcoin

James

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitwise-bitcoin-etf-trust-ranks-in-the-top-5-of-newly-launched-funds" rel="noopener noreferrer nofollow">Bitwise Bitcoin ETF Trust Ranks in the Top 5% of Newly Launched Funds</a> 
The Bitwise <a href="https://en.bitcoinhaber.net/anticipation-and-concerns-as-the-sec-nears-decision-on-physical-bitcoin-etf" rel="noopener noreferrer nofollow">Bitcoin</a> ETF Trust (BITB) has positioned itself within the top 5% of exchange-traded funds (ETFs) launched in 2023 based on assets under management (AUM). Bitwise’s co-founder and CEO, Hunter Horsley, announced on January 18 that BITB had acquired an additional $68 million in Bitcoin, bringing the total asset inflow to $370 million over four days. ETF Store president Nate Geraci highlighted that BITB’s AUM reaching $355 million ranked it as the 25th largest among over 540 ETFs launched in 2023.
However, according to an ETF tracker by Sprout Finance, BITB’s AUM has since declined to around $290 million. Bloomberg ETF analyst Eric Balchunas noted that newly launched spot Bitcoin ETFs have outperformed over 500 other ETFs started in 2023.
On a single day, while other ETFs garnered $450 million in volume, spot Bitcoin ETFs attracted three times more, totaling $1.8 billion. Bloomberg Intelligence analyst James Seyffart shared data indicating that the overall trading volume for new spot Bitcoin ETF products reached $10 billion over three days.
Among the new spot Bitcoin ETFs, BITB ranks fourth in AUM, while BlackRock’s iShares Bitcoin Trust (IBIT) leads with nearly $500 million. Fidelity’s FBTC and Wisdomtree’s BTCW follow with $427 million and $321 million, respectively. Despite conflicting reports on its AUM value, BITB’s significant asset inflow and Bitcoin purchases highlight its notable position in the ETF market.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/bitwise-bitcoin-etf-trust-ranks-in-the-top-5-of-newly-launched-funds" rel="noopener noreferrer nofollow">Bitwise Bitcoin ETF Trust Ranks in the Top 5% of Newly Launched Funds</a></h5>

Bitwise Bitcoin ETF Trust Ranks in the Top 5% of Newly Launched Funds

BH NEWS

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