On Jan. 11, 2011, US Bitcoin ETFs became available.
Here are eleven facts to mark this occasion:
- Farside Investors’ data shows that the combined net inflows are now $34.3 billion. BlackRock’s iShares Bitcoin Trust, or IBIT for short, has seen $35 billion poured into its coffers. Fidelity follows with $12 billion.
- The bitcoin ETF has attracted $10.8 billion in new capital since Nov. 6, the day Donald Trump won the presidential election, which removed crypto’s reputational risk.
- The segment recorded net inflows in 158 out of 231 days of trading (68%). November 7 was the best trading day, with nearly $1.4 billion. Most of the outflows (564 million on May 1) can be attributed to profit-taking fueled BTC decline.
- BlackRock IBIT assets totaled $50.8 Billion as of 10 December. BlackRock’s IBIT had $50.8 billion in assets as of Dec. 10.
- WisdomTree Bitcoin Funds (BTCW) have daily inflows of $1.25 million compared to IBIT’s $152 Million.
- On the point of varying flow success, nearly $21 billion has left the Grayscale Bitcoin Trust (GBTC) — a result largely anticipated. Bitcoin Mini Trust BTC, launched by the company on July 31, attracted nearly $900 million in new capital.
- IBIT is currently worth $2.6 billion. The BlackRock product ranks eighth in that category (by shares) across all ETFs in the trailing three months — slightly behind the SPDR S&P 500 ETF Trust (SPY).
- The net inflows ($1.9 billion), compared to the BTC ETFs, are roughly nine-times more since spot ether products hit US markets July 23. So ETH ETF net inflows over that span is roughly 11% that of bitcoin ETFs — below Bloomberg Intelligence estimates that fell between 15% and 25%.
- Hedge funds, advisors, and pension funds are among the institutions that have purchased these ETFs. Jersey City officials informed Blockworks that city officials planned to purchase bitcoin ETFs by the end of this month.
- Bloomberg Intelligence has shared data that suggests Bitcoin ETFs currently hold more bitcoins than Satoshi Nakamoto’s estimated 1.1million BTC. This is about 5% the total bitcoin supply.
- Lastly, the value of each fund’s BTC stash — compared to how much they paid for the coins — may not be what you think. David Canellis, Blockworks’ writer on this topic recently.
Executives at Bitwise predicted on Tuesday that Bitcoin ETFs would attract greater flows in 2019 than they had done so far in 2024. See what happens within the next week and take it from there.
Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
