{"id":41899,"date":"2024-11-22T16:16:54","date_gmt":"2024-11-22T16:16:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-spot-bitcoin-etfs-hit-30-billion-in-combined-net-inflows-since-january-launch\/"},"modified":"2024-11-22T16:16:54","modified_gmt":"2024-11-22T16:16:54","slug":"us-spot-bitcoin-etfs-hit-30-billion-in-combined-net-inflows-since-january-launch","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-spot-bitcoin-etfs-hit-30-billion-in-combined-net-inflows-since-january-launch\/","title":{"rendered":"US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693416746228-068854bf-a9b7-4140-8638-6ffcc57f1bff-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693416746228-068854bf-a9b7-4140-8638-6ffcc57f1bff-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693416746228-068854bf-a9b7-4140-8638-6ffcc57f1bff-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/1693416746228-068854bf-a9b7-4140-8638-6ffcc57f1bff-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">BlackRock\u2019s IBIT attracted the most at over $600 million followed by Fidelity\u2019s FBTC with $301 million<\/li>\n<li aria-level=\"1\">The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January<\/li>\n<\/ul>\n<p>US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark.<\/p>\n<p>BlackRock\u2019s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"noopener\">SoSoValue data<\/a>. Fidelity\u2019s FBTC followed with $300.95 million. Bitwise\u2019s Bitcoin ETF brought in $68 million and Ark and 21Shares\u2019 ARKB attracted $17.18 million.<\/p>\n<p>Grayscale\u2019s GBTC was the only one with negative net flows, recording $7.8 million outflows.<\/p>\n<p>The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since <a href=\"https:\/\/coinjournal.net\/news\/us-sec-approves-eleven-spot-bitcoin-etfs-as-memeinators-presale-approaches-3-5m\/\">launching in January<\/a> following approval from the US Securities and Commission (SEC).<\/p>\n<figure id=\"attachment_250376\" aria-describedby=\"caption-attachment-250376\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-250376\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/11\/Bitcoin-ETF-value.jpg\" alt=\"\" width=\"1894\" height=\"877\"\/><figcaption id=\"caption-attachment-250376\" class=\"wp-caption-text\">US Spot Bitcoin value. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\" rel=\"noopener\">SoSoValue<\/a><\/figcaption><\/figure>\n<p>Elevated trade among the <a href=\"https:\/\/coinjournal.net\/search\/spot+bitcoin+etf\">spot Bitcoin ETFs<\/a> followed as Bitcoin climbed to the <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-gets-within-touching-distance-of-100k-as-rally-continues\/\">$100k mark<\/a> on November 22, continuing its bull run.<\/p>\n<p>The inflows also come after BlackRock launched its options contracts earlier this week. During trading on day one, <a href=\"https:\/\/coinjournal.net\/news\/blackrocks-bitcoin-etf-options-brings-in-nearly-2b-in-trade-on-day-one\/\">BlackRock\u2019s options brought in nearly $2 billion<\/a>, helping to push <a href=\"https:\/\/coinjournal.net\/search\/bitcoin\">Bitcoin<\/a> to more than $94,000.<\/p>\n<p>Grayscale announced this week that it was also launching Bitcoin ETF options following BlackRock\u2019s impressive debut and a surge in investor interest.<\/p>\n<p>As trade continues through spot Bitcoin ETFs, it\u2019s becoming clear that these avenues are one of the main ways for investors to hold Bitcoin. According to Bloomberg analyst Eric Balchunas, US Bitcoin ETFs hit $100 billion in assets, adding on <a href=\"https:\/\/x.com\/EricBalchunas\/status\/1859573968430059944\" target=\"_blank\" rel=\"noopener\">X<\/a>:<\/p>\n<p>\u201cThey\u2019re now 97% of [the] way to passing Satoshi as [the] biggest holder and 82% of [the] way to passing gold ETFs.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Speaking of &#8220;100&#8221; milestones, the US bitcoin ETFs hit $100b in assets (altho more like $104b given the price surge overnight) w\/ YTD flows flirting with $30b (double our estimate). They&#8217;re now 97% of way to passing Satoshi as biggest holder and 82% of way to passing gold ETFs. <a href=\"https:\/\/t.co\/Y3070yW7Jx\">pic.twitter.com\/Y3070yW7Jx<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1859573968430059944?ref_src=twsrc%5Etfw\">November 21, 2024<\/a><\/p>\n<\/blockquote>\n<p>Elsewhere, in the market, Ethereum is up by more than 7% over the past week at $3,285, Solana has seen a nearly 20% increase at $253, and XRP has risen close to 60% to $1.44 in the same time, according to CoinMarketCap.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/us-spot-bitcoin-etfs-hit-30-billion-in-combined-net-inflows-since-january-launch\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) BlackRock\u2019s IBIT attracted the most at over $600 million followed by Fidelity\u2019s FBTC with $301 million The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January US spot Bitcoin exchange-traded funds (ETFs) took in $1 [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":41900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41899"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=41899"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/41899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/41900"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=41899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=41899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=41899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}