Overview

Click to expand overview
According to the latest market data, the US-based spot Bitcoin ETFs registered a total net influx of $517 million on Friday, January 24, representing the seventh consecutive day the crypto In an interesting turn of events in the cryptocurrency arena, nine newly introduced spot Bitcoin $42,260 -0.64% exchange-traded funds (ETFs) have collectively Trading topped the $4 billion in first-day volume predicted by analysts including Bloomberg’s James Seyffart, and beat the nearly $1 billion that ProShares Bitcoin Strategy ETF (BITO), the Spot Bitcoin ETFs have accumulated 95,000 BTC in their first week of trading, gathering over $4 billion in AUM. Notably, newly launched U.S. spot Bitcoin ETFs have surpassed $10 billion in AUM recently. BlackRock iShares Bitcoin ETF (IBIT) leads, exceeding $5.6 billion AUM.

Spot Bitcoin ETFs Soar: Hit $4 Billion AUM Milestone in Record Time

The launch of spot Bitcoin ETFs has been nothing short of spectacular! Spot Bitcoin ETFs have accumulated 95,000 BTC in their first week of trading, gathering over $4 billion in AUM. In an interesting turn of events in the cryptocurrency arena, nine newly introduced spot Bitcoin $42,260 -0.64% exchange-traded funds (ETFs) have collectively Trading topped the $4 billion in first-day volume predicted by analysts including Bloomberg’s James Seyffart, and beat the nearly $1 billion that ProShares Bitcoin Strategy ETF (BITO), the. This unprecedented growth highlights the surging investor interest in accessing Bitcoin through regulated and convenient investment vehicles.

Rapid Growth Fuels Optimism

According to the latest market data, the US-based spot Bitcoin ETFs registered a total net influx of $517 million on Friday, January 24, representing the seventh consecutive day the crypto. This consistent positive flow underscores the strong demand for these ETFs and suggests a bullish outlook for Bitcoin.

BlackRock's IBIT Leading the Charge

Notably, newly launched U.S. spot Bitcoin ETFs have surpassed $10 billion in AUM recently. BlackRock iShares Bitcoin ETF (IBIT) leads, exceeding $5.6 billion AUM. This dominance further solidifies the acceptance of spot Bitcoin ETFs in the mainstream investment landscape.

Key Takeaways

  • Spot Bitcoin ETFs achieved $4 Billion AUM within their first 7 days.
  • Strong investor demand continues to drive positive inflows.
  • BlackRock's IBIT is the leading ETF in terms of AUM.

Top Sources

Related Articles