The newborn nine spot Bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now total more than 520,000 BTC.
After just three months of trading, Fidelity’s FBTC spot Bitcoin exchange-traded fund has officially crossed 150,000 BTC in assets under management. The newborn-nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — total more than 520,000 BTC.
In comparison, assets held by Grayscale’s higher fee GBTC fund have fallen 48% from 619,220 BTC to 322,697 BTC in the same period. The combined assets held by all the U.S. spot Bitcoin ETFs is now at 842,897 BTC — more than 4% of bitcoin’s total 21 million supply. Despite reaching the AUM milestone, Fidelity’s FBTC only managed $6.3 million in inflows yesterday — its fourth worst day and a small fraction of its record daily inflow of $473 million on March 7.
Overall flows for the spot Bitcoin ETFs have slowed since peaking at a net daily inflow of $1.05 billion on March 12, as bitcoin approached its latest all-time high of $73,836, according to The Block’s data dashboard.
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