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Bitcoin

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Spot

Less than a year after their debut, U.S. spot Bitcoin exchange-traded funds (ETFs) have surpassed the significant threshold of 500,000 BTC in total net inflows.
<h2 id="us-spot-bitcoin-etfs-surpass-500-000-btc-in-net-inflows">US Spot Bitcoin ETFs Surpass 500,000 BTC in Net Inflows</h2>
This success achieved on Wednesday highlights the growing popularity and influence of these investment products in the cryptocurrency market.
Launched on January 11, 2024, the 12 US spot Bitcoin ETFs have absorbed more than 2.5% of Bitcoin’s circulating supply, currently estimated at 19.8 million BTC.
According to Vetle Lunde, Head of Research at K33, this equates to over 500,925 BTC in total inflows. On Wednesday alone, $223.1 million flowed into these ETFs, led by Fidelity’s FBTC fund, accounting for $121.9 million of the total.
Year to date, the ETFs have maintained a 10-day inflow streak and have amassed approximately $4.3 billion in assets with net inflows of $34.7 million in dollar terms since launch.
BlackRock’s IBIT ETF leads the way with on-chain assets exceeding 520,000 BTC, surpassing BlackRock’s iShares Gold Trust (IAU) in terms of assets under management (AUM), which currently exceeds $50 billion.
Fidelity's FBTC ETF follows with over 247,000 BTC.
Grayscale’s GBTC fund held 619,000 BTC before being converted to an ETF, but now holds 210,000 BTC after significant outflows.
The combined assets of US spot Bitcoin ETFs have also surpassed the estimated 1.1 million BTC attributed to Bitcoin's pseudonymous creator, Satoshi Nakamoto.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-spot-bitcoin-exchange-traded-funds-etfs-exceed-critical-level-in-net-inflows-here-are-the-details/" rel="noopener noreferrer nofollow">US Spot Bitcoin Exchange Traded Funds (ETFs) Exceed Critical Level in Net Inflows! Here Are the Details</a>

US Spot Bitcoin Exchange Traded Funds (ETFs) Exceed Critical Level in Net Inflows! Here Are the Details

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