Bitcoin ETF sees net inflows for two consecutive days, with four Bitcoin ETFs ranking among the world's top 30 in terms of size.
Table of Contents
Table of Contents
Bitcoin Spot ETF Sees Net Inflows for Two Consecutive Days
Farside Investors data shows that the Bitcoin Spot ETF saw net inflows for two consecutive days on March 26, with a total net inflow of $418 million, far surpassing the previous day's $15.4 million.
BlackRock's IBIT and Fidelity's FBTC had total net inflows significantly higher than GBTC's daily net outflow, with ETF data ranking as follows from highest to lowest:
Grayscale GBTC: -$212 million
Fidelity FBTC: $279 million
BlackRock IBIT: $162 million
ARK Invest ARKB: $73.6 million
Valkyrie BRRR: $29.9 million
Invesco BTCO: $26.7 million
Franklin EZBC: $26.3 million
Bitwise BITB: $16.7 million
VanEck HODL: $15.8 million
The Bitcoin Spot ETF had total net outflows ranging from -$169 million to -$642 million over the past week.
Four Bitcoin ETFs Surge into the Top 30 Globally by Size
Bloomberg ETF analyst Eric Balchunas stated that he created a chart ranking the assets of ETFs listed for 50 days, with a total of 11,338 ETFs globally, and four Bitcoin ETFs made it into the top 30.
BlackRock's IBIT and Fidelity's FBTC took the top two spots, while ARK Invest's ARKB and Bitwise's BITB secured the 7th and 18th positions, respectively.
There has been debate within the community, pointing out that Invesco's Nasdaq 100 Index ETF QQQ was launched in 1999 when the investment market's funds were far less comparable to today's era, making such comparisons unfair.
Eric Balchunas agreed with this viewpoint, but he noted that even with inflation-weighted adjustments, the rapid accumulation of assets under BlackRock's IBIT remains impressive, with several ETFs like NUGO, BBJP, and USCL being launched only in recent years.
Here's a look at Top 30 ranked by assets in first 50 days on market. Went global for this so this is out of 11,338 funds. Four BTC ETFs made the list. $IBIT and $FBTC in league of their own. $BITB > $GLD! pic.twitter.com/V5ENc3boNv
— Eric Balchunas (@EricBalchunas) March 26, 2024
Related
- Visa's annual report warns against the latest sophisticated scam tactic "digital skimming"
- Metaplanet introduces Bitcoin yield, shareholders enjoy stock acquisition rights, stock price has surged more than fourfold
- Tesla transferred BTC to a new address, is it preparing to liquidate its Bitcoin holdings after two years?