{"id":4936,"date":"2024-01-24T02:13:50","date_gmt":"2024-01-24T00:13:50","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4936"},"modified":"2024-01-24T02:13:50","modified_gmt":"2024-01-24T00:13:50","slug":"bitcoin-etfs-amass-95000-btc-in-6-days-approaching-4b-aum-2","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4936","title":{"rendered":"Bitcoin ETFs amass 95,000 BTC in 6 days, approaching $4B AUM"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Fidelity\u2019s (FBTC) and BlackRock\u2019s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading. <\/p>\n<p>The recently approved spot Bitcoin\u00a0 exchange-traded funds (ETFs) now collectively hold 95,000 Bitcoin after six full days of trading, with assets under management (AUM) approaching $4 billion.<br \/>In data disclosed by Eric Balchunas, a senior ETF analyst at Bloomberg, the capital influx into the recently launched ETFs has surpassed the outflows from the Grayscale Bitcoin Trust (GBTC). GBTC\u2019s assets under management have decreased by $2.8 billion in the first six days of trading.<br \/>Among the ETFs, Fidelity\u2019s (FBTC) and BlackRock&#8217;s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows. Although FBTC has slightly higher inflows, IBIT currently has more AUM, with $1.4 billion compared to Fidelity\u2019s nearly $1.3 billion.<\/p>\n<p>Invesco\u2019s ETF came in third and has maintained steady growth. Friday, Jan. 19, marked its best day for inflows, attracting over $63 million, although its total assets under management have not surpassed the $200 million mark. VanEck\u2019s ETF also had its best day for inflows on Friday, pushing its total assets under management beyond $100 million.<\/p>\n<p>On their fifth trading day, the BTC ETFs netted a combined $440 million in Bitcoin\u00a0from investors,\u00a0according to data gathered by X (formerly Twitter) account CC15Capital on Jan. 17.<br \/>BlackRock\u2019s IBIT led the way with 8,700 BTC, valued at nearly $358 million. The data revealed that nine ETFs, excluding Grayscale, acquired almost 68,500 BTC, valued at around $2.8 billion, since their inception.<br \/>Meanwhile, on Jan. 18, Balchunas shared data emphasizing the \u201cNewborn Nine\u201d \u2014 his term for the new spot Bitcoin ETFs excluding GBTC \u2014 experienced a 34% increase in daily trading volume by the fifth day of trading.<\/p>\n<\/div>\n<\/div>\n<div class=\"postie-attachments\">\n<div style=\"margin-right:10px;background:black;color:white;padding:2px; width:300px;float:center\"><a href=\"https:\/\/www.dhcab.com\/wp-content\/uploads\/2024\/01\/GEScnzaWIAA_Nm9-1.png\"><img decoding=\"async\" src=\"https:\/\/www.dhcab.com\/wp-content\/uploads\/2024\/01\/GEScnzaWIAA_Nm9-1-300x133.png\" alt=\"\" title=\"\" class=\"attachment\" \/><\/a><\/p>\n<div style=\"padding:.2em;text-align:left\"><\/div>\n<\/div>\n<p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Fidelity\u2019s (FBTC) and BlackRock\u2019s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading. The recently approved spot Bitcoin\u00a0 exchange-traded funds (ETFs) now collectively hold 95,000 Bitcoin after six full days of trading, with assets under management (AUM) approaching $4 billion.In data disclosed by Eric Balchunas, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4936"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4937"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}