Bitcoin ETF

Bitcoin

Billion

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 In just three months after the launch of spot Bitcoin ETFs in the U.S., Fidelity Investments’ spot Bitcoin ETF, $FBTC, now has over 150,000 BTC in its portfolio. 
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According to <a style="color: #0000ff;" href="https://www.theblock.co/data/crypto-markets/bitcoin-etf/fidelity-bitcoin-etf-fbtc-on-chain-holdings">new data</a>, the ETF accrued over 150,563 Bitcoin, equating to over $10.1 billion in assets under management.&nbsp; 
This development further cements $FBTC as the third-largest Spot Bitcoin ETF in the U.S. It is trailing behind BlackRock’s ($IBIT) and Grayscale’s converted Bitcoin Trust ($GBTC). 
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 <img loading="lazy" decoding="async" class="wp-image-13659 size-full" src="https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54.png" alt="Fidelity's $FBTC Surpasses $10 Billion AUM Milestone, Cements Place as Third-Largest Spot Bitcoin ET" width="1170" height="692" srcset="https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54.png 1170w, https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54-300x177.png 300w, https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54-1024x606.png 1024w, https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54-768x454.png 768w, https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54-600x355.png 600w, https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54-750x444.png 750w, https://defi-planet.com/wp-content/uploads/2024/04/Screenshot-2024-04-09-at-16.02.54-1140x674.png 1140w" sizes="(max-width: 1170px) 100vw, 1170px">
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 source: <a style="color: #0000ff;" href="https://www.theblock.co/data/crypto-markets/bitcoin-etf">theblock.co</a>
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Grayscale’s Bitcoin Trust ($GBTC) remains the largest in the pack, boasting over $23.15 billion in AUM, <a style="color: #0000ff;" href="https://www.coinglass.com/Grayscale">per CoinGlass data</a>. However, despite its dominance, Grayscale’s portfolio has significantly reduced from 619,220 BTC to 322,697 BTC in the past three months.&nbsp; 
In contrast, BlackRock’s $IBIT’s AUM rose to over $17.24 billion within the same timeframe, and it has over 264,233.64 BTC in its holdings. It crossed the $1 billion AUM milestone within two weeks of its launch and <a style="color: #0000ff;" href="https://defi-planet.com/2024/01/blackrocks-ishares-bitcoin-etf-becomes-first-to-reach-99-bitcoin-holding-and-1-billion-aum/">was the first fund to hold 99% of its assets in Bitcoin</a>.&nbsp; 
Notably, <a style="color: #0000ff;" href="https://defi-planet.com/2024/01/fidelitys-bitcoin-etf-crosses-1-billion-aum-following-blackrocks-lead/">Fidelity’s $FBTC followed Blackrock’s lead closely</a> as it crossed the $1 Billion AUM milestone 24 hours after Blackrock achieved the feat. 
Collectively, the assets held by all Spot Bitcoin ETFs stand at 842,897 BTC, equivalent to over 4% of Bitcoin’s total circulating supply of 21 million. 
Meanwhile, according to <a style="color: #0000ff;" href="https://x.com/WhalePanda/status/1777547212764987396">data from Farside</a>, the spot Bitcoin ETFs recorded a collective net outflow of $223.8 million for the trading day ending Monday, April 8.&nbsp; 
$GBTC continued its usual trend, with $303.3 million leaving the fund, while the other nine ETFs recorded low inflows compared to previous records. Bitwise’s $BITB saw the largest inflow at $40.3 million, followed by BlackRock’s $IBIT with $21.3 million. ARK Investment’s $ARKB and Fidelity Investment’s $FBTC also observed inflows of $9.3 million and $6.3 million, respectively. 
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The post <a href="https://defi-planet.com/2024/04/fidelitys-fbtc-surpasses-10-billion-aum-milestone-cements-place-as-third-largest-spot-bitcoin-etf/">Fidelity’s $FBTC Surpasses $10 Billion AUM Milestone, Cements Place as Third-Largest Spot Bitcoin ETF</a> appeared first on <a href="https://defi-planet.com">DeFi Planet</a>.

Fidelity’s $FBTC Surpasses $10 Billion AUM Milestone, Cements Place as Third-Largest Spot Bitcoin ETF

DeFi Planet

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