Spot Bitcoin ETFs Dominate with $100 Billion in Net Assets
Spot Bitcoin ETF– U.S. spot bitcoin exchange-traded funds (ETFs) reached a significant milestone on Wednesday, surpassing $100 billion in total net asset value (NAV) as bitcoin continued to hit new all-time highs. With bitcoin’s price surging to unprecedented levels, the total net value of assets held by the 12 spot bitcoin ETFs now stands at $100.55 billion, accounting for nearly 5.4% of the entire bitcoin market capitalization, according to data from SoSoValue.
BlackRock and Grayscale Dominate the Spot Bitcoin ETF Space
Among the 12 spot bitcoin ETFs, BlackRock’s IBIT and Grayscale’s GBTC remain the largest by a wide margin. BlackRock’s IBIT holds $45.4 billion in net assets, while Grayscale’s GBTC follows closely with $20.6 billion. These two ETFs represent the bulk of the market share, with IBIT leading the way in terms of asset size and net inflows. Bitcoin’s ongoing price surge has driven significant growth in these funds, highlighting the increasing institutional interest in bitcoin-backed investment vehicles.
As bitcoin continues its upward trajectory, currently trading around $97,094, the demand for spot bitcoin ETFs continues to grow. In the past 24 hours alone, bitcoin’s price increased by 3.8%, adding to its recent string of all-time highs.
Strong Inflows into Bitcoin ETFs as Institutional Demand Grows
On Wednesday, the 12 U.S. spot bitcoin ETFs saw a combined total of $733.5 million in net inflows, following the previous day’s impressive $837.36 million. The bulk of these inflows went into BlackRock’s IBIT, which received $626.5 million. This reflects strong institutional demand for exposure to bitcoin through regulated financial products.
Fidelity’s FBTC ETF also saw robust inflows of $133.9 million, followed by $9.3 million into Bitwise’s BITB and $3.8 million into Ark and 21Shares’ ARKB. However, Grayscale’s GBTC saw no inflows on the day, despite being one of the largest funds in the sector.
The total trading volume for the 12 ETFs amounted to $5.09 billion on Wednesday, slightly down from $5.71 billion the previous day, reflecting the growing trading activity and investor interest in these bitcoin ETFs.
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