US Spot Bitcoin Exchange Traded Funds (ETFs) Exceed Critical Level in Net Inflows! Here are the Details

After less than a year since the initial launch of US spot Bitcoin exchange-traded funds (ETFs), they have surpassed a significant threshold by exceeding a total net inflow of 500,000 BTC.

US Spot Bitcoin ETFs Exceeded 500,000 BTC in Net Inflows

This success achieved on Wednesday highlights the increasing popularity and impact of these investment products in the cryptocurrency market.

The 12 US spot Bitcoin ETFs launched on January 11, 2024, are estimated to absorb more than 2.5% of the circulating supply of Bitcoin, which is currently estimated to be 19.8 million BTC.

According to K33 Research Director Vetle Lunde, this corresponds to over 500,925 BTC in total entries. Only on Wednesday, a total of $223.1 million flowed into these ETFs led by Fidelity's FBTC fund, accounting for $121.9 million of the total.

Since the beginning of the year, ETFs have continued their 10-day inflow streak and have gathered approximately $4.3 billion in assets with a net inflow of $34.7 million in dollar terms since launch.

BlackRock's IBIT ETF leads with over 520,000 BTC in on-chain assets and currently surpasses BlackRock's iShares Gold Trust (IAU) in terms of assets under management (AUM), which now exceeds $50 billion.

Fidelity's FBTC ETF is tracking it with over 247,000 BTC.

Grayscale's GBTC fund currently holds 210,000 BTC after significant outflows, down from 619,000 BTC before it was converted to an ETF.

The combined assets of US spot Bitcoin ETFs have also surpassed the estimated 1.1 million BTC attributed to Satoshi Nakamoto, the pseudonymous creator of Bitcoin.