1. The Fidelity Bitcoin Spot ETF (FBTC) has become the world's third-largest Bitcoin ETF in terms of assets under management (AUM).
2. Vetle Lunde, senior analyst at K33 Research, shared this information on the X platform, providing insights into the current state of Bitcoin spot ETFs in the United States.
3. There are currently nine newly launched Bitcoin spot ETFs in the US, collectively holding a total of 140,490 BTC.
4. In contrast, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of 122,580 BTC during the same period.
5. As a result, the US Bitcoin spot ETF sector has seen a net increase of 17,910 BTC since its inception.
6. Fidelity's FBTC has played a significant role in this growth, contributing to its rise as the third-largest Bitcoin ETF globally.
7. The data underscores the increasing popularity and adoption of Bitcoin spot ETFs in the US market.
8. The shift in investor preferences from closed-end funds like GBTC to ETFs is evident in the net outflows from GBTC and the corresponding increase in BTC holdings in the newly launched ETFs.
9. The ranking of FBTC as the third-largest Bitcoin ETF reflects the ongoing evolution and maturation of the cryptocurrency investment landscape.
10. Monitoring the AUM and net asset flows in Bitcoin spot ETFs provides valuable insights into investor sentiment and market dynamics.
