BTC

$61622.158

0.95%

ETH

$3451.351

2.09%

BNB

$580.785

1.28%

XRP

$0.477

1.65%

News

Spot Bitcoin ETF Holdings Added New 52,000 BTC This Week

March 3, 2024 - Around 2 mins mins to read

Key Points:

  • Spot Bitcoin ETF holdings surge, led by BlackRock’s IBIT, signaling high investor demand.
  • BlackRock’s IBIT surpasses the silver ETF in AUM, reaching $10.03 billion.
  • The Bitcoin price surpasses $64,000, marking a significant rally and institutional interest.
In the eighth week post-launch, data from HODL15Capital reveals significant increases in spot Bitcoin ETF holdings among the top four.
Spot Bitcoin ETF Holdings Added New 52,000 BTC This Week
Spot Bitcoin ETF Holdings Added New 52,000 BTC This Week 2

Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice

Surge in Spot Bitcoin ETF Holdings Indicates Growing Investor Demand

BlackRock’s iShares Bitcoin ETF (IBIT) leads with a rise of 34,270 BTC, followed by Fidelity’s FBTC with an increase of 12,243 BTC, ARK 21Shares ARKB with 3,922 BTC, and Bitwise’s BITB with 2,192 BTC.

This surge in spot Bitcoin ETF holdings underscores a soaring demand for BTC among investors and institutions. Notably, BlackRock’s IBIT boasts an Asset Under Management (AUM) of $10.03 billion, surpassing the AUM of the largest silver ETF SLV, ranking third among commodity ETFs. Fidelity FBTC, ARK 21Shares ARKB, and Bitwise BITB hold fifth, ninth, and 11th positions, respectively, in terms of AUM.

These spot Bitcoin ETFs, in less than two months since their inception, have attracted billions from investors seeking exposure to Bitcoin without direct ownership. Notably, Grayscale’s GBTC, transitioning to a spot product alongside these funds, began with approximately 630,000 bitcoins. However, recent months witnessed an outflow from GBTC, reducing its holdings to over 428,000 bitcoins.

Bitcoin Price Reflects Market Optimism

Meanwhile, Bitcoin‘s price has soared above $64,000, marking its highest point in over two years and inching closer to its all-time high. This rapid ascent reflects bullish sentiment surrounding the world’s largest cryptocurrency.

The influx of investments into spot Bitcoin ETFs coupled with Bitcoin’s bullish trajectory signal a growing institutional interest in digital assets, reshaping the landscape of traditional investment strategies.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin

Blackrock

BTC

ETF

Grayscale

Spot Bitcoin ETF

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Spot Bitcoin ETF Holdings Added New 52,000 BTC This Week

Key Points:

  • Spot Bitcoin ETF holdings surge, led by BlackRock’s IBIT, signaling high investor demand.
  • BlackRock’s IBIT surpasses the silver ETF in AUM, reaching $10.03 billion.
  • The Bitcoin price surpasses $64,000, marking a significant rally and institutional interest.
In the eighth week post-launch, data from HODL15Capital reveals significant increases in spot Bitcoin ETF holdings among the top four.
Spot Bitcoin ETF Holdings Added New 52,000 BTC This Week
Spot Bitcoin ETF Holdings Added New 52,000 BTC This Week 4

Read more: Bitcoin Spot ETF and Futures ETF: Differences To Make The Right Investment Choice

Surge in Spot Bitcoin ETF Holdings Indicates Growing Investor Demand

BlackRock’s iShares Bitcoin ETF (IBIT) leads with a rise of 34,270 BTC, followed by Fidelity’s FBTC with an increase of 12,243 BTC, ARK 21Shares ARKB with 3,922 BTC, and Bitwise’s BITB with 2,192 BTC.

This surge in spot Bitcoin ETF holdings underscores a soaring demand for BTC among investors and institutions. Notably, BlackRock’s IBIT boasts an Asset Under Management (AUM) of $10.03 billion, surpassing the AUM of the largest silver ETF SLV, ranking third among commodity ETFs. Fidelity FBTC, ARK 21Shares ARKB, and Bitwise BITB hold fifth, ninth, and 11th positions, respectively, in terms of AUM.

These spot Bitcoin ETFs, in less than two months since their inception, have attracted billions from investors seeking exposure to Bitcoin without direct ownership. Notably, Grayscale’s GBTC, transitioning to a spot product alongside these funds, began with approximately 630,000 bitcoins. However, recent months witnessed an outflow from GBTC, reducing its holdings to over 428,000 bitcoins.

Bitcoin Price Reflects Market Optimism

Meanwhile, Bitcoin‘s price has soared above $64,000, marking its highest point in over two years and inching closer to its all-time high. This rapid ascent reflects bullish sentiment surrounding the world’s largest cryptocurrency.

The influx of investments into spot Bitcoin ETFs coupled with Bitcoin’s bullish trajectory signal a growing institutional interest in digital assets, reshaping the landscape of traditional investment strategies.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Visited 153 times, 1 visit(s) today