The U.S. Bitcoin ETF market is witnessing unprecedented growth, with recent launches becoming the most successful in ETF history. Spot Bitcoin ETFs now hold nearly $30 billion in assets, with BlackRock's iShares Bitcoin Trust (IBIT) leading by managing over 228,000 BTC, surpassing even Microstrategy's holdings. This surge is attributed to significant inflows, including a record $2.9 billion in a single week, pushing the year-to-date inflows to $13.2 billion, surpassing the total inflows of 2021. BlackRock and Fidelity's Bitcoin ETFs have emerged among the top 5 ETFs by total inflows, highlighting the growing investor interest. Despite this, Grayscale experienced the largest outflow to date, with $643 million worth of Bitcoin withdrawn, signaling a shift in investor preference towards other ETFs. The average trade size for IBIT, around $13,000, indicates substantial nonprofessional investor participation. Investment advisors are beginning to allocate an average of 3.5% of Bitcoin ETFs to client portfolios, suggesting a cautious yet growing acceptance among financial professionals. Notably, there were +30K BTC netflows last week, and the ETFs have accumulated 450,000 BTC. Two spot Bitcoin ETFs are now in the top 6 of all ETF inflows this year. There was $2.5B of net flow for Bitcoin ETFs last week and a significant $1.4 billion withdrawn from Coinbase. Additionally, 9,600 Bitcoin were withdrawn from GBTC.
Extrapolate out 3.5% of US total US household portfolio wealth and you get a sense of how much $ could flow into #bitcoin ETFs https://t.co/4RdrI8j4zS
Yesterday's ETF flows weren't as bad as many expected. $GBTC (of course Barry) tried to dump hard on us with $642.5 million of outflows. Blackrock did $451.5 inflows trying to save the day. All other ETFs were basically just neutral. Price currently at $65.5k, about 10% from… https://t.co/Aujbf3t0Vz
Net outflow of $154m on 18 March for the Bitcoin ETFs, driven by record $643m GBTC outflow https://t.co/r1Riwxjspo https://t.co/ozlr7Ql9jH
First net outflow since March 1st. $BTC https://t.co/jomxbZAfMf
Bitcoin ETF Daily Flow Blackrock US$ Flow: 451.5 million For all the data and disclaimers visit: https://t.co/4ISlrCgZdk
Data shows that the average trade size for the biggest spot #bitcoinETF, BlackRock’s $IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors. https://t.co/8CyrSdiL6t
Bitcoin ETFs: biggest outflow from Grayscale yet. Nobody else selling even during market rout days https://t.co/KLuHSs2QCx
BTC ETF flows are in the driver's seat Watch those flows
🚨 On the same day gBTC has seen record high outflows, Fidelity's FBTC has seen record low inflows of only +$5.9M https://t.co/E4aP1sNGzF
Record low inflow for Fidelity On the same day as a record high outflow for GBTC https://t.co/JlqZrfneGA
JUST IN: Grayscale sees RECORD OUTFLOWS from their spot #Bitcoin ETF with $643 million worth being sold 👀😮 https://t.co/o87xSZCGmw
Biggest outflow for GBTC thus far https://t.co/g6wdrTPOhE
NINE THOUSAND SIX HUNDRED BITCOIN WITHDRAWN FROM GBTC TODAY @cmsholdings https://t.co/NPv51G8wnt
Record outflow from GBTC today https://t.co/A2w5zhQ4G4 https://t.co/BqtVsgzYkA
Bitcoin ETF Flow - 18 March 2024 GBTC Outflow $643m
A record $2.9 billion flooded into crypto funds last week, most of it backing Bitcoin ETFs, says CoinShares. https://t.co/JSa6FKueu1
Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters https://t.co/bQIgXc6BYc
JUST IN: Investment advisors are allocating 3.5% of #Bitcoin ETFs on average to client portfolios - Carson Group Only a handful of advisors have made allocations to date. We are so early! 🔥 https://t.co/HybGKBbbNC
Only a “handful” of advisors have allocated to bitcoin ETFs but the avg allocation was 3.5%, according to Carson Gp, one of the earliest advisor platforms to onboard the ETFs via ETF IQ https://t.co/VIAVw9BAGc
JUST IN - $30 billion RIA platform Carson Group Vice President: We're seeing advisors allocate 3.5% of client households to spot #Bitcoin ETFs 👀 https://t.co/npO6XNxtLz
FUN FACT: BlackRock and Fidelity's Spot #Bitcoin ETFs are now among the Top 5 ETFs by total inflows 👀🚀
Crypto fund flows this year have surpassed the total seen in all of 2021 as ETFs stoke huge demand https://t.co/mOi8Jc1FiN
Grant Engelbart, Carson Group vice president and investment strategist, sees a handful of advisors allocating 3.5% of Bitcoin ETFs on average to client household portfolios. He speaks with Scarlet Fu and Katie Greifeld on Bloomberg ETF IQ https://t.co/OPSAiysQ3Y https://t.co/acikDctTCe
Cointucky Derby Update for the #Bitcoin ETFs Last week was another super strong week at ~$2.6 Billion of inflows. Notably $IBIT is pulling away as the liquidity leader and has officially traded more than $GBTC since the ETFs launched. https://t.co/h3mAAoT1oc
Fidelity’s Wise Origin Bitcoin Fund $FBTC is the fifth most popular ETF on the market right now, attracting more than $6.9 billion since its introduction on Jan. 12. @HeleneBraunn reports https://t.co/yKkdehCAmE
Data shows that the average trade size for the biggest spot bitcoin ETF, BlackRock’s IBIT, hovers around $13,000, suggesting that a big chunk of its demand is coming from nonprofessional investors. In depth by @HeleneBraunn #bitcoinETFs https://t.co/aGDiu4GPr5
BIG BREAKING 🚨 BLACKROCK AND FIDELITY'S #BITCOIN ETFs ARE NOW AMONG THE TOP 5 ETFS BY TOTAL INFLOWS. 👀🔥 https://t.co/0xw0a3nbq6
✅ Heavy trading volume for Bitcoin ETFs this Monday morning $IBIT > $414 Million & #4 of all ETFs! $FBTC w/ $168m is trailing $GBTC $211m 👇 https://t.co/06qXHXFkj5
$2.9B inflows. Another record broken https://t.co/pfZp1QsKjY
US spot bitcoin ETF net inflows persist with the 10-fund segment notching a record showing last week https://t.co/eRynEQcMqI
"Led by the newly created spot bitcoin ETFs, bitcoin funds saw an inflow of $10.6bn YTD vs. an outflow of $7.6bn for physical gold ETFs." - JPMorgan https://t.co/WXahLyBqAK
NEW: BlackRock and Fidelity's #Bitcoin ETFs are now among the Top 5 ETFs by total inflows. And we're just getting started... 🚀
Investment products based on digital assets attracted $2.9 billion in the week from March 11 to March 15 https://t.co/VwVOHQKW9K
Crypto-based investment products once again set a record for funds raised in a week at $2.9bn, according to a CoinShares report. Total inflows since the beginning of the year rose to $13.2bn. https://t.co/yqeNIfrG2A
UPDATE: DIGITAL ASSET INVESTMENT PRODUCTS HIT A NEW HIGH WITH $2.9B WEEKLY INFLOWS, SURPASSING THE PREVIOUS RECORD OF $2.7B
"Investors have yanked about $11.7 billion since GBTC’s conversion to an ETF in mid-January this year, the second-biggest exodus of more than 3,400 US-listed products." @kgreifeld https://t.co/zdh4kNjulh
This week's crypto asset inflows have SMASHED the full 2021 inflows of $10.6bn with $13.2bn year-to-date 🔥 https://t.co/EeGyduSBHA
Financial flows in the largest ETFs from the beginning of 2024. Spot BTC-ETFs lead all ETFs in terms of inflows. https://t.co/hHEfoePtSU
Another Digital Assets ETF record broken, with US$2.9bn inflows https://t.co/g3MrayHn4D
💥JUST IN: BlackRock and Fidelity #Bitcoin ETFs are in the top 5 ETFs for inflows this year. The other 3 ETFs have HUNDREDS OF BILLIONS in assets! 🫡 @EricBalchunas https://t.co/BoNCd9C41u
$IBIT and $FBTC now both in Top 5 ETFs by YTD flows. Check out the asset differentials in the second column. Little babies hanging with giants. Wild sht. https://t.co/qx9gZpLjCY
$2.5B of net flow for bitcoin ETFs last week, just 1.3% away from mid-february's ATH src: https://t.co/jW6Of0S51K https://t.co/KmGlKWOSFI
A whopping $1.4 billion withdrawn from Coinbase - the second largest this year! Sunday's Bitcoin dip saw unprecedented demand. BlackRock went on a BTC buying spree last week. It will be interesting to monitor their actions this week. https://t.co/pvRcmeg58c
Blackrock #BTC Inflows 34.6K Last Week 31.4K The Week Before 34.3K The Week Before That Any wild guesses how much they buy this week? Follow our ETF Tracker to find out! https://t.co/UHmId6vdkC
JPM said retail and institutional investors have been buying both gold and bitcoin this year. The bank’s analysis shows a “sharp position build-up since February of $7b in bitcoin futures and $30b in gold futures.” The risk of mean reversion looks high, the bank said, which means…
2 spot bitcoin ETFs now in top 6 of *all* ETF inflows this yr… IBIT (3rd) & FBTC (6th). That’s out of 3,400+ ETFs. Other 4 ETFs include 2 S&P 500 ETFs (VOO & IVV), Schwab US Dividend Equity ETF (SCHD), & Vanguard Total Stock Market ETF (VTI).
9 New #Bitcoin ETFs Surpass GBTC by Accumulating 450,000 BTC Worth Over $30B https://t.co/2m4yAvENA5
IBIT dominates the BTC spot ETFs game with massive volume and a hefty BTC stash. BlackRock’s iShares Bitcoin Trust ($IBIT) now holds more Bitcoin than Microstrategy, managing over 228K BTC. https://t.co/oHLaC9jonR
Spot Bitcoin ETFs in the US now hold nearly $30B, marking the most successful launch in ETF history. With +30K BTC netflows last week, a sell-side liquidity crisis looms says @ki_young_ju of @cryptoquant_com. Read more on this in the Hodler's Digest: https://t.co/3hXrHDfPsg https://t.co/8FCKLfKRCj