BitcoinBTCCryptocurrency EducationNews

Bitcoin ETF Launch Shatters Records, Attracts Over $4 Billion: ‘Biggest Day One Splash In ETF History,’ Analyst Says – ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF (BATS:ARKB)

1 Mins read

Bitcoin exchange-traded funds attracted over $4 billion in inflows on their first day of trading on Thursday, according to data shared by Bloomberg’s senior ETF analyst Eric Balchunas at market close Thursday.

“Easily the biggest Day One splash in ETF history,” the analyst wrote on social media platform X.

Blackrock Inc.’s BLK iShares Bitcoin Trust ETF IBIT led the pack among the 11 newly launched Bitcoin ETFs, drawing over $1 billion on its first day. This fund charges an annual fee of 0.25%, which is reduced to 0.12% for the first 12 months for assets up to $5 billion.

The Grayscale Bitcoin Trust GBTC, previously a Trust fund, converted to a spot Bitcoin ETF, witnessed over $2 billion in inflows, topping the overall ranking. Holding nearly $29 billion in assets under management, it is the largest Bitcoin ETF globally and has the highest annual fee (1.5%) among spot Bitcoin ETFs.

The Fidelity Wise Origin Bitcoin Fund FBTC ranked third with $673 million in inflows. Cathie Wood’s ARK 21Shares Bitcoin ETF ARKB followed, attracting $275 million.

The Valkyrie Bitcoin Fund BRRR, WisdomTree Bitcoin Fund BTCW, and the Hashdex Bitcoin Futures ETF DEFI were less successful, each recording below $10 million in inflows.

At the time of writing, the cryptocurrency Bitcoin BTC/USD was trading at $46,279, with a market capitalization of $900 billion.

Bitcoin ETF VOLUME on 1/11/24 $MM
iShares Bitcoin Trust (IBIT) 1,009.2
Fidelity Wise Origin Bitcoin Fund (FBTC) 673.7
ARK 21Shares Bitcoin ETF (ARKB) 275.6
Bitwise Bitcoin ETF (BITB) 120.3
Franklin Bitcoin ETF EZBC 65.2
Invesco Galaxy Bitcoin Etf Fund BTCO 44.6
VanEck Bitcoin Trust HODL 24.8
Valkyrie Bitcoin Fund (BRRR) 9.0
WisdomTree Bitcoin Fund (BTCW) 6.4
Hashdex Bitcoin Futures ETF (DEFI) 4.2
Grayscale Bitcoin Trust (GBTC) 2093.8
TOTAL 4326.8

Read Now: Great Place For Your ‘Lottery Ticket Money’, Says Edward Jones’ Strategist On Bitcoin ETF Investments

Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.