According to Cointelegraph: The recently approved spot Bitcoin exchange-traded funds (ETFs) have collected an impressive 95,000 Bitcoin after six full days of trading, bringing their assets under management (AUM) near the $4 billion level.
As per the data made public by Eric Balchunas, senior ETF analyst at Bloomberg, the inflow of capital into the new ETFs has outstripped the outflows from the Grayscale Bitcoin Trust (GBTC), which saw its AUM drop by $2.8 billion during the six-day trading period.
Fidelity's (FBTC) and BlackRock's iShares Bitcoin Trust (IBIT) have both attracted over $1.2 billion in inflows. Though FBTC received marginally more inflows, IBIT outdoes it in terms of total AUM, hosting $1.4 billion compared to Fidelity's nearly $1.3 billion. Invesco’s ETF, ranking third, displayed consistent growth, with January 19 marking its best day for inflows, bringing in over $63 million. However, the total AUM are yet to cross the $200 million barrier. Similarly, on the same day, VanEck's ETF experienced its best day for inflows, propelling its AUM above $100 million.
BlackRock’s IBIT led the accumulation with 8,700 BTC, worth about $358 million. Data shows that the nine ETFs, Grayscale excluded, acquired close to 68,500 BTC, approximately $2.8 billion, since their inception.
On January 18, Balchunas shared data highlighting an impressive 34% increase in daily trading volume experienced by the “Newborn Nine” – his term for the new Bitcoin ETFs excluding GBTC – by their fifth trading day.
