1 Month In: How Bitcoin ETFs Have Fared Since Their Highly-Anticipated Launch
Spot Bitcoin ETFs have made a notable impact in the financial world, attracting significant inflows and driving the price of Bitcoin to its highest level in over two years, currently at $49,900, after briefly touching the $50,200 mark.
According to a Bloomberg report, these ETFs have achieved âunparalleled successâ in trading measures, attracting billions of dollars in net inflows within just one month of their historic launch.Â
Bitcoin ETFs Garner $2.8 Billion In Net InflowsÂ
Data compiled by Bloomberg Intelligence reveals that the Bitcoin spot funds have amassed approximately $2.8 billion in net inflows during the first 21 trading days.Â
This figure considers the $6.4 billion withdrawn from the Grayscale Bitcoin Trust (GBTC) after transforming into an ETF. BlackRockâs iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) have emerged as frontrunners, attracting around $3.8 billion and $3.1 billion in inflows, respectively.Â
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