Fidelity’s (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading.
The recently approved spot Bitcoin (BTC) exchange-traded funds (ETFs) now collectively hold 95,000 Bitcoin after six full days of trading, with assets under management (AUM) approaching $4 billion.
In data disclosed by Eric Balchunas, a senior ETF analyst at Bloomberg, the capital influx into the recently launched ETFs has surpassed the outflows from the Grayscale Bitcoin Trust (GBTC). GBTC’s assets under management have decreased by $2.8 billion in the first six days of trading.
Among the ETFs, Fidelity’s (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows. Although FBTC has slightly higher inflows, IBIT currently has more AUM, with $1.4 billion compared to Fidelity’s nearly $1.3 billion.
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Source: https://cointelegraph.com/news/bitcoin-etfs-amass-95-000-btc-in-6-days-approaching-4b-aum