Bitcoin ETF

Bitcoin

Spot

Spot Bitcoin exchange-traded funds (ETFs) have attracted more net inflows in the last four days than in the entire first four weeks of trading.&nbsp;
<a href="https://heyapollo.com/bitcoin-etf" target="_blank" rel="noopener nofollow">According</a> to data from Bitcoin tracking platform Apollo, the 10 spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>)&nbsp;ETFs have had 43,300 Bitcoin — worth $2.3 billion at current prices — in inflows over the last four days alone. Comparatively, the funds took 20 days of trading to gather 42,000 in Bitcoin inflows.
<blockquote class="twitter-tweet">
 We're witnessing total acceleration of <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> ETF inflows. First 20 days of Trading ~ 42K BTC Inflows Last 4 Days of trading ~ 43k BTC Inflows <a href="https://t.co/IqvX7wI13b">pic.twitter.com/IqvX7wI13b</a>— Thomas | heyapollo.com (@thomas_fahrer) <a href="https://twitter.com/thomas_fahrer/status/1757926080248426863?ref_src=twsrc%5Etfw">February 15, 2024</a>
</blockquote> 
It comes as four spot Bitcoin ETFs — excluding Grasyscale — have now taken their place in the “billionaire club,” with the Bitwise Bitcoin ETF becoming the latest to clear the milestone on Feb. 14. 
<blockquote class="twitter-tweet">
 Today, <a href="https://twitter.com/search?q=%24BITB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BITB</a> crossed $1B in AUM. To our investors: Thank you. We're thrilled for what's ahead. - Low-cost 0.20% gross expense ratio - 10% donation of profits to developers - 1st U.S. BTC ETF to publish address of holdings BITB disclosures &amp; prospectus: <a href="https://t.co/pAV6kWFfbg">https://t.co/pAV6kWFfbg</a> <a href="https://t.co/HMiv6mzFfn">pic.twitter.com/HMiv6mzFfn</a>— Bitwise (@BitwiseInvest) <a href="https://twitter.com/BitwiseInvest/status/1757897260707229840?ref_src=twsrc%5Etfw">February 14, 2024</a>
</blockquote> 
Nate Geraci, the president of the ETF store, <a href="https://twitter.com/NateGeraci/status/1757937711057371575?s=20" target="_blank" rel="noopener nofollow">described</a>&nbsp;the performance of&nbsp;Bitwise as the “most impressive,” adding that it was the only crypto-native investment fund among the top providers. 
Bitwise was beaten to billion-dollar status by BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Trust and Cathie Wood’s Ark 21Shares Bitcoin Trust. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-02/9790fd04-63a8-4b1f-995b-3aa72ba50e42.png" alt="" title="">
 <figcaption style="text-align: center;">
 Bitcoin ETF inflows have swelled over the past few days. Source: Apollo
 </figcaption>
</figure>
The remaining ETFs, including Invesco, VanEck, Valkyrie, and Franklin Templeton, are further off, as they have yet to breach $500 million in assets under management (AUM).
Related: <a href="https://cointelegraph.com/news/bitcoin-1-trillion-market-cap">Bitcoin breaches $1 trillion market cap</a>
WisdomTree’s Bitcoin Trust has been struggling to gain meaningful inflows, currently standing last among the Bitcoin ETFs, with just $23 million in AUM, <a href="https://heyapollo.com/bitcoin-etf" target="_blank" rel="noopener nofollow">per</a> Apollo data. 
Notably, on Feb. 13, BlackRock’s iShares Bitcoin Trust became the first Bitcoin ETF to <a href="https://cointelegraph.com/news/blackrock-bitcoin-etf-holds-100k-btc">surpass $5 billion in assets</a> under management, holding a total of 105,280 BTC at the time of writing.
The bullishness around spot Bitcoin ETF flows has been viewed by many market participants as a key driving force behind Bitcoin’s recent rally, which <a href="https://cointelegraph.com/news/bitcoin-btc-trades-above-50k-why-its-different">saw its price breach $50,000</a> on Feb. 12.
Magazine: <a href="https://cointelegraph.com/magazine/crypto-inevitable-all-in-meet-vance-spencer/">‘Crypto is inevitable’ so we went ‘all in’ — Meet Vance Spencer, permabull</a>

Bitcoin ETFs inflows snowball: Last 4 days bigger than first 4 weeks

Cointelegraph

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