Bitcoin ETF Update: BlackRock Hits $1 Billion AUM, GBTC Outflows Slow Down

Bitcoin ETF Update: BlackRock Hits $1 Billion AUM, GBTC Outflows Slow Down

The data for the fourth day on which spot Bitcoin ETFs are traded in the US is complete. And the numbers are once again extremely impressive. Bloomberg analyst Eric Balchunas presented the final data for day 4 of the spot Bitcoin ETFs via X, highlighting the strong performance of the newly approved spot Bitcoin ETFs (all 10 approved ETFs minus Grayscale which converted its GBTC Trust into an ETF), collectively termed the “Newborn Nine.”
2 Spot Bitcoin ETFs Among Top-5 Launches By AUM
Balchunas conveyed the burgeoning success of these ETFs, noting, “Day Four was a good one, the ROLLING NET FLOWS grew to +$1.2b after the Newborn Nine pulled in $914b on Wednesday, their best day yet, overwhelming the $450 out of GBTC. The ‘Nine’ have now taken in $3b and traded $5.4b in the first four days (abnormally high numbers).”
This influx of investment has particularly favored BlackRock’s IBIT, which has now amassed over $1 billion ($1.081 billion), with Fidelity’s FBTC ($882.3 mill

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We współpracy z: https://bitcoinist.com/bitcoin-etf-update-blackrock-1-b-aum-gbtc-sales/

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