Bitcoin ETF

Bitcoin

Pack

Daily

<h2 id="key-points">Key Points</h2>
<ul>
 <li>U.S. spot Bitcoin ETFs saw a record net inflow of $673.4 million, led by BlackRock’s IBIT.</li>
 <li>BlackRock’s IBIT fund now manages over 150,000 Bitcoin, while Fidelity’s FBTC exceeds 100,000 Bitcoin.</li>
</ul>
<p>U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed a record net inflow of $673.4 million, surpassing the previous high of $655.2 million set on their launch day, January 11.</p>
<h2 id="leading-the-pack">Leading the Pack</h2>
<p>BlackRock’s IBIT spot Bitcoin ETF led the inflow, contributing $612.1 million, the highest inflow to date, as per BitMEX Research. Fidelity’s FBTC followed with $245.2 million, and Ark Invest 21Shares’ ARKB was third with $23.8 million.</p>
<p>However, there were outflows of $216.4 million from Grayscale’s GBTC fund and $3.4 million from VanEck’s HODL product. The remaining funds each generated less than $10 million worth of inflows.</p>
<h2 id="record-inflows-and-management">Record Inflows and Management</h2>
<p>Following these record inflows, BlackRock’s IBIT fund now manages over 150,000 <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a>, while Fidelity’s FBTC surpasses 100,000 Bitcoin. The nine new spot Bitcoin ETFs now hold more than 330,000 Bitcoin in assets under management, having added around 30,000 Bitcoin in two days.</p>
<p>Overall, U.S. spot Bitcoin ETFs collectively hold 768,280 Bitcoin, with a net inflow of 149,080 Bitcoin since their launch. Despite this, assets held by Grayscale’s GBTC fund have dropped by 29%.</p>
<p>Global net inflows for all Bitcoin exchange-traded products were 6,038 Bitcoin on Wednesday. However, significant outflows from Volatility Shares and Purpose partially offset the impact of BlackRock’s massive inflow.</p>
<p>Global Bitcoin ETPs are close to managing 1 million Bitcoin, currently holding 980,000 Bitcoin, having added 133,300 Bitcoin this year.</p>
<h2 id="record-trading-volume">Record Trading Volume</h2>
<p>U.S. spot Bitcoin ETFs also recorded high trading volumes as Bitcoin’s price peaked at $64,000. The ETFs generated a combined trading volume of $7.61 billion on Wednesday.</p>
<p>BlackRock’s IBIT led the market with $3.32 billion in trading volume, more than doubling its previous record. Grayscale’s GBTC generated $1.84 billion in volume and Fidelity’s FBTC $1.43 billion.</p>
<p>The total number of trades also doubled, with over half a million individual trades. The cumulative trading volume for the U.S. spot Bitcoin ETFs now stands at $65.64 billion.</p>
<p>Bitcoin is currently trading at $62,486. The largest cryptocurrency by market cap gained a further 5% over the last 24 hours. Bitcoin is now up by more than 22% over the past week and 48% year-to-date, just 10% shy of its previous all-time high of around $69,000 set in November 2021.</p>

Record-Breaking $673M Daily Inflow into Bitcoin ETFs, BlackRock’s IBIT Leading the Charge

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