According to Cointelegraph: Bitwise Bitcoin ETF Trust (BITB) has achieved a remarkable milestone by ranking in the top 5% of exchange-traded funds (ETFs) launched in 2023 in terms of assets under management (AUM). Bitwise's Co-founder and CEO, Hunter Horsley, announced on January 18 that BITB gained an additional $68 million, leading to the purchase of Bitcoin at $42,447.
According to Horsley, these additions have brought the total inflow of assets to BITB up to $370 million over the past four days alone. Nate Geraci, the President of ETF Store, an investment advisory firm, mentioned that BITB's AUM of $355 million has propelled it to the top 25 out of 540 ETFs launched in 2023. However, as per an ETF tracker from Sprout Finance, BITB's AUM now stands at approximately $290 million.
On January 16, spot Bitcoin ETFs newly-launched in 2023 surpassed 500 other ETFs, reported Bloomberg ETF analyst Eric Balchunas. While the other ETFs accumulated a volume of $450 million that day, spot Bitcoin ETFs managed to amass a generous total volume of $1.8 billion.
Meanwhile, Bloomberg Intelligence analyst James Seyffart disclosed that the total trading volume of the new spot Bitcoin ETF products amounted to $10 billion in the last three days. Among these, BITB bags the fourth place by AUM. The leading spot is held by BlackRock's iShares Bitcoin Trust (IBIT) with nearly $500 million, followed by Fidelity's FBTC and Wisdomtree's BTCW with AUMs of $427 million and $321 million respectively.