A Surprising Rise in Bitcoin ETFs: 520 Million Dollars of Influx in the Last 24 Hours!

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A Surprising Rise in Bitcoin ETFs: 520 Million Dollars of Influx in the Last 24 Hours!

Investor confidence in Bitcoin ETFs has reached new heights, as evidenced by a significant surge in activity. Within the last 24 hours alone, an astounding influx of $520 million has been reported. Data from BitMex Research reveals that Bitcoin ETFs collectively acquired an impressive 9,510 BTC during this period, indicating a substantial increase in investor interest.

Leading this surge is Fidelity’s FBTC ETF, which saw a substantial addition of 4,450.6 BTC, equivalent to an impressive $243.3 million. Following closely behind is IBIT, the iShares Bitcoin Trust managed by BlackRock, securing an impressive 2,046.3 BTC valued at $111.8 million.

In contrast, Grayscale, another significant player, experienced a decrease in holdings, shedding 409.3 BTC, amounting to $22.4 million – marking its lowest result since the introduction of Bitcoin ETFs in early January. However, BlackRock’s iShares Bitcoin Trust maintains dominance in the ETF landscape, boasting a commanding 128,615.4 BTC valued at a staggering $7.213 billion. Fidelity’s Wise Origin Bitcoin Fund closely follows with 94,455.8 BTC, nearly $5.3 billion in value, while ARK Invest’s ARKB ETF rounds out the top three with 32,351.1 BTC in its portfolio, equivalent to $1.814 billion.

Furthermore, BlackRock’s BTC ETF saw substantial trading volume, reaching $1.3 billion, making it the 11th most traded ETF and placing it among the top 25 for equity trading on the U.S. market. In total, nine ETFs ended the day with a combined volume of $2.4 billion, breaking records set since their launch in mid-January.


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