The total value of bitcoins purchased by US exchange-traded funds is higher - it amounted to $123 billion
Cumulative net inflows into Bitcoin spot exchange-traded funds (ETFs) have reached a new all-time high. Cumulative inflows have exceeded $41.1 billion, according to Farside Investors. Cumulative net inflows are calculated since the ETFs listed on exchanges in January 2024.
Spot ETFs in the US provide investors with legal access to cryptocurrency through the NASDAQ and NYSE exchanges in the form of shares. The issuance of new shares requires the funds to actually deliver bitcoin, and the inflow of capital into these instruments has become one of the main factors driving the growth of the bitcoin rate in 2024.
Net inflow is the difference between the volume of issued and redeemed shares of the ETF. If the inflow exceeds the outflow, the funds buy bitcoin to back the new shares.
Until recently, investors had been exiting Bitcoin ETFs amid uncertainty in the markets caused by U.S. trade tariffs and the cryptocurrency’s slump. By mid-March, U.S. Bitcoin ETFs had seen five weeks of capital outflows, which coincided with a nearly 20% correction in the price of Bitcoin.
There were also outflows in early April, with a total of $737 million in net outflows from U.S. Bitcoin ETFs in the first half of the month. But then, after the market tensions caused by the trade wars subsided, capital began flowing back into the funds. Over the previous three weeks, net inflows exceeded $5 billion, according to SoSoValue.
Although the total net inflow is calculated from the moment the ETF was listed on exchanges in January 2024, for example, the GBTC fund from Grayscale existed before that as a trust. Since listing as an ETF, this fund has recorded a net outflow of $22.95 billion.
At the same time, the net inflow into the ETF under the ticker IBIT from BlackRock has so far amounted to $44.78 billion. The inflow into the FBTC Fidelity fund is $11.61 billion. In third place is ARKB from Ark Invest and 21Shares - the net inflow of funds into the instrument amounted to $2.69 billion.
The total value of bitcoins accumulated by American ETFs is $122.92 billion, or 5.92% of the market capitalization of the first cryptocurrency. Of these, the BlackRock fund accounts for $65.4 billion in net assets.
Cumulative net inflows into Bitcoin spot exchange-traded funds (ETFs) have reached a new all-time high. Cumulative inflows have exceeded $41.1 billion, according to Farside Investors. Cumulative net inflows are calculated since the ETFs listed on exchanges in January 2024.
Spot ETFs in the US provide investors with legal access to cryptocurrency through the NASDAQ and NYSE exchanges in the form of shares. The issuance of new shares requires the funds to actually deliver bitcoin, and the inflow of capital into these instruments has become one of the main factors driving the growth of the bitcoin rate in 2024.
Net inflow is the difference between the volume of issued and redeemed shares of the ETF. If the inflow exceeds the outflow, the funds buy bitcoin to back the new shares.
Until recently, investors had been exiting Bitcoin ETFs amid uncertainty in the markets caused by U.S. trade tariffs and the cryptocurrency’s slump. By mid-March, U.S. Bitcoin ETFs had seen five weeks of capital outflows, which coincided with a nearly 20% correction in the price of Bitcoin.
There were also outflows in early April, with a total of $737 million in net outflows from U.S. Bitcoin ETFs in the first half of the month. But then, after the market tensions caused by the trade wars subsided, capital began flowing back into the funds. Over the previous three weeks, net inflows exceeded $5 billion, according to SoSoValue.
Although the total net inflow is calculated from the moment the ETF was listed on exchanges in January 2024, for example, the GBTC fund from Grayscale existed before that as a trust. Since listing as an ETF, this fund has recorded a net outflow of $22.95 billion.
At the same time, the net inflow into the ETF under the ticker IBIT from BlackRock has so far amounted to $44.78 billion. The inflow into the FBTC Fidelity fund is $11.61 billion. In third place is ARKB from Ark Invest and 21Shares - the net inflow of funds into the instrument amounted to $2.69 billion.
The total value of bitcoins accumulated by American ETFs is $122.92 billion, or 5.92% of the market capitalization of the first cryptocurrency. Of these, the BlackRock fund accounts for $65.4 billion in net assets.
