Bitcoin ETFs on the Rise: Recent Inflows Surpass Initial Launch

Inflows Surge

Bitcoin spot exchange-traded funds (ETFs) have seen a significant increase in inflows over the past four days, outpacing the initial weeks of their introduction. According to Apollo’s co-founder, Thomas Fahrer, the ETFs have experienced a “total acceleration” of inflows, with 43,000 BTC tokens (worth $2.3 billion) flowing in.

Leading Firms

Grayscale remains the top firm in terms of assets under management (AUM) with its Grayscale Bitcoin Trust (GBTC), which holds $23.7 billion in AUM. However, this represents a decline from $28 billion on January 11th. Blackrock follows Grayscale with over $5 billion in AUM, while Wise Origin Bitcoin Trust (FBTC) and Ark/21Shares Bitcoin Trust (ARKB) rank third and fourth, respectively. Bitwise’s Bitcoin ETF (BITB) has recently reached the billion-dollar milestone, making it the fifth largest BTC ETF.

Blackrock’s Record Inflow

On Tuesday, Blackrock recorded its largest inflow day ever for Bitcoin ETFs. Bloomberg Intelligence analyst Eric Balchunas reported that Blackrock’s BTC ETF saw an inflow of nearly “half a billion” on Tuesday. This brings Blackrock’s total Bitcoin ETF inflow to over $5 billion.

Impact on Bitcoin Price

The recent surge in ETF inflows is believed to have contributed to the recent rally in Bitcoin’s price, which has risen above $50,000. Market experts attribute the rally in part to the positive sentiment surrounding BTC ETF flows.

slot pulsa Slot pulsa Gemilang77 Slot deposit pulsa Gemilang77 Slot pulsa Situs slot pulsa Link slot pulsa Slot deposit pulsa Slot pulsa Slot pulsa Deposit pulsa 5000 Slot pulsa Slot pulsa Slot pulsa https://letsplayparty.com/ https://www.alboprofessionisti.com/ Slot pulsa Gemilang77 Merpati77 Slot thailand Kaswari77 Kaswari77 Slot gacor Slot gacor hari ini Slot deposit 5000 Situs togel Slot via pulsa Slot deposit dana Situs toto togel Daftar situs toto Situs toto online Kembangtoto Toto slot https://situskembangtoto.com/ Slot deposit via qris Situs toto Situs toto kembangtoto toto slot