Bitcoin ETF

Million

Daily

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Fidelity’s FBTC spot bitcoin ETF recorded a record daily inflow of $473.4 million.</li>
 <li>U.S. spot bitcoin ETFs combined have managed over $54 billion in assets.</li>
</ul>
<p>Fidelity’s FBTC spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a> exchange-traded fund (ETF) noted a record-breaking daily inflow of $473.4 million, almost doubling the $244.2 million inflow of BlackRock’s usually dominant IBIT ETF.</p>
<p>The inflow into FBTC was 17% higher than its previous record of $404.6 million. This surpassed the total net inflows of $472.6 million for all U.S. spot bitcoin ETFs combined, as per BitMEX Research data.</p>
<h2 id="other-etfs-and-their-performance">Other ETFs and Their Performance</h2>
<p>The third position was held by Arl Invest 21Shares’ ARKB, which registered inflows worth $42.1 million. This was followed by Valkyrie’s BRRR and Bitwise’s BITB with inflows of $41.8 million and $41.4 million, respectively.</p>
<p>Since the launch of the ETFs on January 11, total net inflows have nearly reached $9.4 billion. However, Grayscale’s GBTC fund saw outflows of $374.8 million, bringing its total outflows to over $10 billion since the start of U.S. spot bitcoin ETF trading.</p>
<p>FBTC’s inflows have led to its assets under management (AUM) reaching approximately $8.3 billion. The combined AUM of U.S. spot bitcoin ETFs is over $54 billion.</p>
<h2 id="growth-of-new-etfs">Growth of New ETFs</h2>
<p>The nine newborn ETFs, excluding Grayscale’s converted fund, now manage nearly $27 billion in assets. The leading ETF is IBIT with nearly $13 billion AUM. These new ETFs are expected to surpass GBTC’s holdings soon.</p>
<p>The trading volume for the U.S. spot bitcoin ETFs remained strong, reaching $4.53 billion. The trading was led by BlackRock’s IBIT, which generated $1.6 billion in volume. Grayscale’s GBTC and Fidelity’s FBTC followed with $1.3 billion and $1.1 billion, respectively.</p>
<p>The cumulative trading volume for all spot bitcoin ETFs is nearing $100 billion. Meanwhile, <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> is currently trading for $67,252, up 1% over the past 24 hours. The largest cryptocurrency by market cap has gained 10% over the past week and more than 50% over the past month.</p>

Fidelity’s FBTC Bitcoin ETF Soars with Record $473 Million Daily Inflow

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