0
Please log in or register to do it.

In a remarkable feat, the nine spot Bitcoin exchange-traded funds (ETFs) achieved a significant milestone, accumulating $10 billion in assets under management (AUM) as of February 9. These recently introduced ETFs, completing their initial 20 trading sessions, saw notable net flows of $2.7 billion on January 9, with BlackRock’s IBIT fund leading the way, holding Bitcoin valued at $4 billion.

 

 

 

 

 Fidelity’s FBTC secured the second position with over $3.4 billion in BTC under management. Additionally, ARK 21Shares’ fund reached the billion-dollar milestone, managing approximately $1 billion worth of Bitcoin. Meanwhile, Grayscale’s GBTC experienced outflows totaling $6.3 billion over the past 30 days, with $51.8 million recorded on February 9, marking its smallest daily volume of capital withdrawals since conversion. Bloomberg analyst Eric Balchunas observed, “I thought the Nine would get a bit weaker as GBTC outflows subsided, but they’re getting stronger” on X (formerly Twitter).

 

European Commission Seeks Public Input on AI Misinformation Guidelines for Election Security
A Guide to Purchasing Bitcoin Using Your Credit Card

Your email address will not be published. Required fields are marked *