9 stocks with over $4 billion in net inflows

On the 13th, BlackRock’s IBIT became the first of the nine newly established Bitcoin spot ETFs to have assets under management (AUM) of over 100,000 BTC (770 billion yen). This reflects the high demand from institutional investors following the Bitcoin (BTC) price listing.

This data does not include the number of Bitcoin operations of Grayscale’s GBTC, which converted to a Bitcoin ETF, and Grayscale currently manages 467,000 BTC.

Also, after IBIT’s holdings is Fidelity’s FBTC with 83,925 BTC.

The Bitcoin ETF began trading on January 11th, and over the past 22 trading days, the nine ETFs have seen net inflows of $4 billion.

UK CoinShares points out that post-Bitcoin halving demand is driving current net inflows, which exceeded Bitcoin supply issuance (mined) in the first month of trading. There are less than three months until the end of this period.If inflows continue, the average daily net inflow to the current U.S. Bitcoin spot ETF will be 4.6 times the average daily Bitcoin issuance after the halving. analyzed.

connection:Bitcoin spot ETF excluding GBTC, total BTC holdings exceeds MicroStrategy

connection:
Why Sumitomo Mitsui Card Platinum Preferred is rapidly gaining popularity as a new NISA savings investment

We have introduced the “Heat Map” function to the CoinPost app for investors!
In addition to important news about virtual currencies, you can also see at a glance exchange information such as the dollar yen and price movements of crypto asset-related stocks in the stock market such as Coinbase.

â– Click here to download the iOS and Android versions
https://t.co/9g8XugH5JJ pic.twitter.com/bpSk57VDrU

— CoinPost (virtual currency media) (@coin_post) December 21, 2023

The post BlackRock’s Bitcoin spot ETF holds over 100,000 BTC (770 billion yen) appeared first on Our Bitcoin News.