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Coin Edition 2024-12-13 06:17:14

Bitcoin Spot ETFs Achieve Historic Milestone with 500,000 BTC in Inflows

Bitcoin Spot ETFs Achieve Historic Milestone with 500,000 BTC in Inflows

U.S. spot Bitcoin ETFs surpassed 500,000 BTC in cumulative inflows, totaling $50.6 billion. Since launch, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. BlackRock, Fidelity, and others lead the way, while Grayscale faces significant outflows. U.S. spot Bitcoin ETFs, launched just eleven months ago, have reached $50.6 billion in cumulative net inflows as of December 11th. This translates to 500,000 BTC, given Bitcoin’s current market value of $101,000. This milestone shows the immense investor appetite for regulated Bitcoin exposure and makes it one of the fastest-growing ETFs in history. Since their launch in January, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. Vetle Lunde, Head of Research at K33 Research, shared a chart highlighting the year-long steady growth in net flows into Bitcoin spot ETFs: February 15: 100,423 BTC March 12: 203,103 BTC August 26: 302,221 BTC November 7: 405,270 BTC December 11: 500,925 BTC Asset Managers Leading Bitcoin Inflows Notably, the asset managers that have led the inflows include BlackRock, Fidelity, ARK, 21Shares Bitcoin ETF, and Bitwise. Specifically… The post Bitcoin Spot ETFs Achieve Historic Milestone with 500,000 BTC in Inflows appeared first on Coin Edition .

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