Key Points
- Fidelity’s FBTC spot bitcoin ETF had a massive inflows yesterday of $473 million.
- The collective AUM of U.S. spot bitcoin ETFs now exceeds $54 billion.
Fidelity’s FBTC spot bitcoin exchange-traded fund (ETF) had a massive inflows yesterday of $473 million; it was almost double BlackRock’s $244 million inflow. The $473 million inflow of Fidelity was 16% higher than its previous record of $404 million.
Other ETFs performance
Arl Invest 21Shares’ ARKB secured the third position with inflows totaling $42.1 million, followed by Valkyrie’s BRRR and Bitwise’s BITB, which recorded inflows of $41.8 million and $41.4 million, respectively.
Since the ETFs were launched on January 11, total net inflows have nearly reached $9.4 billion. However, Grayscale’s GBTC fund experienced outflows of $374.8 million, surpassing total outflows of over $10 billion since the commencement of U.S. spot bitcoin ETF trading.
FBTC’s inflows have propelled its assets under management (AUM) to around $8.3 billion. The collective AUM of U.S. spot bitcoin ETFs now exceeds $54 billion.
New ETFs Growth
The nine newly launched ETFs, excluding Grayscale’s converted fund, collectively oversee assets nearing $27 billion. IBIT leads the pack with an AUM of nearly $13 billion, poised to surpass GBTC’s holdings in the near future.
Trading volume for U.S. spot bitcoin ETFs remained robust, hitting $4.53 billion. IBIT by BlackRock took the lead with a trading volume of $1.6 billion, followed by GBTC from Grayscale and FBTC from Fidelity, with volumes of $1.3 billion and $1.1 billion, respectively.
The total trading volume for all spot bitcoin ETFs is approaching $100 billion. Bitcoin’s current trading price stands at $67,252, reflecting a 1% increase over the past 24 hours. The leading cryptocurrency has seen a 10% rise in the last week and over 50% growth in the past month, showcasing its strong performance in the market.
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