Reported by Cointelegraph, spot Bitcoin 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, 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’s assets under management have decreased by $2.8 billion in the first six days of trading.
Among the ETFs, Fidelity’s (FBTC) and BlackRock'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’s nearly $1.3 billion.
Invesco’s 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’s ETF also had its best day for inflows on Friday, pushing its total assets under management beyond $100 million.
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