Nine newly approved spot Bitcoin exchange-traded funds (ETFs) now hold a total of 95,000 Bitcoins with assets under management (AUM) valued at $4 billion. These funds have seen capital inflows surpassing outflows from the Grayscale Bitcoin Trust (GBTC), as reported by Bloomberg’s senior ETF analyst Eric Balchunas.
The AUM of GBTC decreased by $2.8 billion over six days. Among the nine ETFs, Fidelity’s (FBTC) and BlackRock’s iShares (IBIT) stood out, each seeing inflows of over $1.2 billion in the same period. BlackRock’s ETF now has more AUM, with $1.4 billion compared to Fidelity’s $1.3 billion.
Invesco’s ETF (BTCO) ranks third, continuing steady growth without crossing the $200 million AUM threshold. VanEck’s ETF (HODL) also had a significant day, pushing its AUM over $100 million.
CC15Capital’s data shows that on the fifth trading day, investors added a net $440 million worth of Bitcoin to their assets. BlackRock’s ETF leads with approximately 8,700 Bitcoins valued at $358 million. Excluding Grayscale, the nine ETFs have collectively purchased about 68,500 Bitcoins worth roughly $2.8 billion since inception.
Balchunas highlighted a 34% increase in daily trading volume for the “Newborn Nine” spot Bitcoin ETFs, excluding GBTC, on their fifth day of trading. This suggests that sell-offs at GBTC have not dampened investor interest in the ETF space.