Bitcoin

Grayscale Bitcoin Trust

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/spotlight-on-bitcoin-etfs-a-surge-in-assets-and-investor-interest" rel="noopener noreferrer nofollow">Spotlight on Bitcoin ETFs: A Surge in Assets and Investor Interest</a> 
Nine newly approved spot <a href="https://en.bitcoinhaber.net/bitcoin-stabilizes-amidst-large-wallet-movements-and-etf-influence" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) now hold a total of 95,000 Bitcoins with assets under management (AUM) valued at $4 billion. These funds have seen capital inflows surpassing outflows from the Grayscale Bitcoin Trust (GBTC), as reported by Bloomberg’s senior ETF analyst Eric Balchunas.
The AUM of GBTC decreased by $2.8 billion over six days. Among the nine ETFs, Fidelity’s (FBTC) and BlackRock’s iShares (IBIT) stood out, each seeing inflows of over $1.2 billion in the same period. BlackRock’s ETF now has more AUM, with $1.4 billion compared to Fidelity’s $1.3 billion.
Invesco’s ETF (BTCO) ranks third, continuing steady growth without crossing the $200 million AUM threshold. VanEck’s ETF (HODL) also had a significant day, pushing its AUM over $100 million.
CC15Capital’s data shows that on the fifth trading day, investors added a net $440 million worth of Bitcoin to their assets. BlackRock’s ETF leads with approximately 8,700 Bitcoins valued at $358 million. Excluding Grayscale, the nine ETFs have collectively purchased about 68,500 Bitcoins worth roughly $2.8 billion since inception.
Balchunas highlighted a 34% increase in daily trading volume for the “Newborn Nine” spot Bitcoin ETFs, excluding GBTC, on their fifth day of trading. This suggests that sell-offs at GBTC have not dampened investor interest in the ETF space.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/spotlight-on-bitcoin-etfs-a-surge-in-assets-and-investor-interest" rel="noopener noreferrer nofollow">Spotlight on Bitcoin ETFs: A Surge in Assets and Investor Interest</a></h5>

Spotlight on Bitcoin ETFs: A Surge in Assets and Investor Interest

BH NEWS

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