Spotlight on US Bitcoin ETFs: A Snapshot of Current Investments and Market Trends
US Bitcoin ETFs hold $35.9B amid fluctuating market interest and global attention
The US spot Bitcoin ETF market has been under scrutiny amid Bitcoin's price fluctuations. Notably, eleven US spot Bitcoin ETFs have acquired 838,729 BTC worth $57.9 billion since their inception in January.
Excluding Grayscale’s Bitcoin Trust (GBTC) outflows, the total stands at 522,527 BTC, valued at $35.9 billion.
At the forefront, BlackRock Inc's iShares Bitcoin ETF (IBIT) holds 266,102 BTC, amounting to $18.3 billion. Fidelity's WiseOrigin Bitcoin ETF (FBTC) comes next with 150,694 BTC, worth $10.3 billion, followed by ARK 21Shares Bitcoin ETF with 43,643 BTC, valued at approximately $3 billion.
On the lower end, WisdomTree Bitcoin ETF (BTCW) and Hashdex Bitcoin ETF (DEFI) hold 1,227 BTC and 178 BTC, respectively, with Hashdex's lower inflows possibly due to its high trading fee of 0.9%.
Despite WisdomTree’s smaller inflows, an overall increase in Bitcoin holdings was observed from January to April.
Yet, a decrease in daily Bitcoin holdings for some ETFs suggests a decreasing investor interest. For example, IBIT's inflows dropped significantly, as did FBTC’s, highlighting a potential shift in investor preference.
