On the fourth day since their inception, the recently launched spot Bitcoin ETFs, also known as the 'Newborn Nine,' have brought in a staggering $914 billion, according to Eric Balchunas, Bloomberg's Senior ETF Analyst. This influx marks their most prosperous day yet, significantly outpacing the $450 million that exited from the Grayscale Bitcoin Trust ETF ($GBTC).
As a result of the steady market engagement, rolling net flows have escalated to a noteworthy $1.2 billion. The Newborn Nine have thereby accumulated $3 billion in capital, while trading at a robust $5.4 billion within their initial four-day period. These amounts are impressively higher than the market norms.
Out of the nine, the Industrial Bitcoin ETF ($IBIT) has amassed over $1 billion, with the Fidelity Bitcoin ETF ($FBTC) following closely. Meanwhile, the Bitwise Bitcoin ETF ($BITB) solidified its position in third place. Remarkably, five out of the Newborn Nine have successfully crossed the $100 million threshold. These statistics illustrate a promising start for these ETFs and an evident appetite for this investment vehicle among investors.
