In less than a month of trading, the nine newly established spot Bitcoin exchange-traded funds (ETFs) collectively hold over 200,000 BTC in assets under management. This figure excludes Grayscale’s converted GBTC fund.

According to K33 Research, the nine newly launched ETFs had accumulated a total of 203,811 bitcoins, equivalent to $9.5 billion as of February 8 2024. These ETFs, launched on January 11 2024, include offerings from:

  • BlackRock (IBIT)

  • Fidelity (FBTC)

  • Bitwise (BITB)

  • Ark 21Shares (ARKB)

  • Invesco (BTCO)

  • VanEck (HODL)

  • Valkyrie (BRRR)

  • Franklin Templeton (EZBC)

  • WisdomTree (BTCW)

The newly established ETFs now collectively hold nearly 1% of Bitcoin’s total supply of 21 million BTC. This amount surpasses the holdings of:

  • Software company, MicroStrategy, which owns 190,000 BTC

  • Stablecoin issuer Tether’s 66,465 BTC by over three times

  • The combined holdings of all public Bitcoin miners

There we have it! The new nine have amassed more than 200k BTC.

Second-strongest daily U.S. spot flow since launch yesterday.

Since launch, the total net inflow to U.S. spot ETFs sits at a massive 51,134 BTC. pic.twitter.com/6RFugg7jZO

— Vetle Lunde (@VetleLunde) February 9, 2024

As per data from BitMEX Research, BlackRock’s IBIT spot Bitcoin ETF is leading the pack with over 80,000 BTC ($3.7 billion) in assets under management. Following closely is Fidelity’s FBTC, with more than 68,000 BTC ($3.2 billion) in assets.

According to Bloomberg ETF analyst, Eric Balchunas, the holdings of IBIT and FBTC also lead among the top 25 newly established ETFs overall after one month of trading.

Here's a look at the Top 25 ETFs by assets after 1 month on the market (out of 5,535 total launches in 30yrs). $IBIT and $FBTC in league of own w/ over $3b each and they still have two days to go. $ARKB and $BITB also made list. pic.twitter.com/Yyi1nxukUk

— Eric Balchunas (@EricBalchunas) February 8, 2024

In contrast, assets held by Grayscale’s converted GBTC fund have declined by almost 25%, dropping from approximately 619,000 BTC ($28.8 billion) to 469,000 BTC ($21.8 billion) since January 11 2024.

According to K33 Research analyst, Vetle Lunde, February 8 2024 marked the strongest daily net inflow into all Bitcoin investment vehicles globally since January 2021. Lunde mentioned, ‘4.52% of the circulating BTC supply is currently held by investment vehicles,’ with a total of 887,443 BTC in assets under management.

BTC Last 30 Days

Bitcoin is presently trading above $48,075, nearing the $48,494 figure that was achieved on January 11 2024, the day the ETFs were approved.

Over the past week, Bitcoin’s price has risen by 9.8% and by 110.3% year-to-date, according to CoinGecko.

 

 

 

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