According to BitMEX exchange data, nine spot bitcoin ETFs, not including Grayscale Investments' offering, currently control 150,846 BTC.
It took these crypto funds about 13 business days to accumulate these assets.
The US Securities and Exchange Commission approved these investment products on January 10, 2024.
The list of spot bitcoin-ETFs includes BlackRock (#IBIT), Invesco and Galaxy Digital (#BTCO), Fidelity Investments (#FBTC), VanEck (#HODL), Valkyrie (#BRRR), Franklin Templeton (#EZBC) and others. Analysts note that the trading volume of convertible crypto fund Grayscale (#GBTC) has fallen by 36%. Since the product's launch, its losses have totaled more than $5.2 billion.
Meanwhile, on January 29, 2024, the spot bitcoin ETF had a net inflow of $255 million in assets, as reported by Soso Value. Leading the investment infusions on the day was #Fidelity with $208 million. It was followed by investment product #BlackRock, which received $198.3 million. However, the #Grayscale spot bitcoin ETF continued to experience outflows, losing $191.7 million in the last 24 hours.
It's worth noting that Google recently allowed advertising of cryptocurrency ETFs, expanding the reach and visibility of these investment products.
