US Spot Bitcoin ETFs’ Assets Exceed $100B
On Wednesday, the total net value of the 12 spot Bitcoin exchange-traded funds (ETFs) in the US surpassed $100 billion, thanks to the continued surge of Bitcoin to new all-timeThis amounted to about 5.4% of the total market capitalization of Bitcoin.
Among the ETFs, BlackRock’s IBIT ranked first with $45.4 billion in net assets, followed by Grayscale’s GBTC with $20.6 billion. Bitcoin has been trading at record-breaking prices in the past few weeks, currently at around $97,000.
On Wednesday, the 12 ETFs saw a total net inflow of $733.5 million, slightly lower than the previous day’s inflow of $837.36 million.
IBIT recorded the highest inflow at $626.5 million, while GBTC showed zero inflows. Fidelity’s FBTC had $133.9 million in inflows, followed by Bitwise’s BITB with $9.3 million and Ark and 21Shares’ ARKB with $3.8 million.
In terms of trading volume, the 12 ETFs recorded $5.09 billion on Wednesday, slightly lower than the previous day’s volume of $5.71 billion.