Franklin

HODL

Bitcoin ETF

Bitcoin

You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-rapid-accumulation-billions-in-btc-gathered" rel="noopener noreferrer nofollow">Bitcoin ETFs Rapid Accumulation: Billions in BTC Gathered</a> 
According to Bloomberg analyst Eric Balchunas, nine <a href="https://en.bitcoinhaber.net/bitcoin-market-watches-federal-reserve-meeting-for-interest-rate-decision" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) have amassed billions of dollars in BTC shortly after their launch. These ETFs include issuers like Fidelity, iShares, Invesco, and others. As of January 19, they collectively hold approximately 95,297.2 BTC, valued at around 4 billion dollars.
iShares leads the pack with over 1.4 billion dollars in BTC, followed by Fidelity with 1.262 billion dollars. Bitwise and ARK/21Shares also hold significant amounts of BTC, valued at 425.4 million and 379.6 million dollars, respectively. Invesco, VanEck, Valkyrie, Franklin Templeton, and WisdomTree follow in descending order of BTC holdings.
Balchunas highlighted that these nine Bitcoin ETF issuers’ purchasing activities have outpaced the sales of crypto giant Grayscale’s GBTC. Despite GBTC experiencing a 590 million dollar outflow, the nine ETFs surpassed this with a 623 million dollar inflow, marking their third-best day. Both IBIT and FBTC had inflows exceeding 200 million dollars, and BTCO and HODL recorded their best sales to date.
With the nine ETFs’ assets under management (AUM) reaching 4 billion dollars, the total net flows stand at a positive 1.2 billion dollars, increasing their AUM share to 14%. This growth contrasts with GBTC’s 2.8 billion dollar decrease in AUM.
Balchunas also suggested that the largest sellers of GBTC were FTX and investors who had accumulated shares last year when the fund was trading at a significant discount.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-rapid-accumulation-billions-in-btc-gathered" rel="noopener noreferrer nofollow">Bitcoin ETFs Rapid Accumulation: Billions in BTC Gathered</a></h5>

Bitcoin ETFs Rapid Accumulation: Billions in BTC Gathered

BH NEWS

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