Bitcoin ETF

Bitcoin

BlackRock

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have accounted for a significant share of the issuers’ total ETF inflows this year. 
The Bitcoin ETFs amount to 26% and 56% in year-to-date inflows for BlackRock and Fidelity respectively, <a href="https://x.com/EricBalchunas/status/1797647979232567805" target="_blank" rel="noopener nofollow">according</a> to Bloomberg ETF analyst Eric Balchunas, citing data from Bloomberg Intelligence.
BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) have seen $16.6 billion and $8.9 billion in inflows since they launched nearly five months ago, <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener nofollow">according</a> to Farside Investor data.
However, Vanguard, which does not offer any Bitcoin ETFs, is far in the lead with $102.8 billion in total ETF inflows so far in 2024, beating out BlackRock at $65.1 billion.
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 Source: <a href="https://x.com/EricBalchunas/status/1797647979232567805" target="_blank" rel="noopener nofollow">Eric Balchunas</a>
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BlackRock currently lists 429 ETFs that hold a total of $2.8 trillion in assets under management, <a href="https://stockanalysis.com/etf/provider/blackrock/" target="_blank" rel="noopener nofollow">according</a> to data from Stock Analysis. Fidelity, on the other hand, only lists 70 ETFs, combining for $74 billion in AUM. 
Meanwhile, Invesco has recorded $34.7 billion in ETF flows this year, though only 0.9% of the total has come from its <a href="https://cointelegraph.com/learn/bitcoin-etfs-a-beginners-guide-to-exchange-traded-funds">Bitcoin ETF</a>, which has total inflows of $317.3 million for the first five months of the year. 
BlackRock’s IBIT recently surpassed the Grayscale Bitcoin Trust (GBTC) as <a href="https://cointelegraph.com/news/blackrock-ibit-overtakes-gbtc-largest-bitcoin-etf">the world’s largest spot Bitcoin ETF</a> on May 28. IBIT now holds 291,567 BTC, worth a little over $20 billion at current prices, <a href="https://heyapollo.com/bitcoin-tracker/overview" target="_blank" rel="noopener nofollow">according</a> to the Apollo Bitcoin Tracker.
Grayscale initially held 620,000 Bitcoin when the GBTC converted into spot form. However, it has seen <a href="https://cointelegraph.com/news/grayscale-outflows-impact-ethereum-etf-launch">mass outflows</a> since then and now only holds 285,139 BTC, worth around $19.6 billion at current prices.
Related: <a href="https://cointelegraph.com/news/australia-first-spot-bitcoin-etf-monochrome">Australia gets first spot ETF that holds Bitcoin directly</a>
<a href="https://cointelegraph.com/learn/investing-in-bitcoin-etf">Bitcoin ETF flows</a> have somewhat leveled out lately, with many ETF issuers recording days of zero inflows and outflows in recent weeks. 
For example, <a href="https://cointelegraph.com/news/franklin-templeton-ceo-etfs-mutual-funds-blockchain">the Franklin Bitcoin ETF</a> (EZBC) hasn’t had any inflow or outflow since May 16, according to Farside Investors.
The Bitcoin investment products ex Grayscale are currently seeing an average of $141.7 million in inflows each trading day, made up mostly of IBIT, FBTC and to a lesser extent, the ARK 21Shares Bitcoin ETF (ARKB).
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 <img src="https://s3.cointelegraph.com/uploads/2024-06/036bc8e7-28c7-4898-862e-b86c8860b045.png">
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 Flows for the 11 spot Bitcoin ETF issuers since May 15. Source: Farside Investors
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Magazine:<a href="https://cointelegraph.com/magazine/crypto-city-guide-sydney-harbor-bridge-synthetix-finder/"> </a><a href="https://cointelegraph.com/magazine/hong-kong-bitcoin-etf-launch-in-top-20-strk-scam-suspect-busted-asia-express/">Hong Kong Bitcoin ETF launch in ‘top 20%,’ STRK scam suspect busted: Asia Express</a>

Bitcoin ETFs make 26% of BlackRock's 2024 inflows, 56% of Fidelity’s

Cointelegraph

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