Spot Bitcoin ETFs Reached the 4 Billion Dollar Threshold

The total value of assets held in spot exchange traded funds (ETFs) established for Bitcoin approached $4 billion.

According to information shared by Bloomberg’s senior ETF analyst Eric Balchunas, the amount of money entering spot Bitcoin ETFs is Exit from Grayscale Bitcoin Trust (GBTC) left the amount of money behind.

Grayscale Bitcoin Trust on its sixth day $582 million in total, including $2.8 billion output. The other nine funds received a total loss on their sixth day. $623 million There was money inflow.

Among these funds, Fidelity’s FBTC and BlackRock’s IBIT funds are at the top. Total value of assets in BlackRock’s fund to $1.4 billion When exiting, this number for Fidelity is approximately $1.3 billion happened.

Net total to the funds, including the money coming out of Grayscale’s fund $1.2 billion money entered.

source site-9