Bitcoin ETFs Cross 1 Million BTC Milestone Amid Surging US Inflows
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According to data from Bold.report, as of March 12th Bitcoin ETFs altogether held over one million BTC.
These ETFs range from the US, Sweden, Hong Kong, Germany, Switzerland, Canada and Brazil to Australia.
Assets in US-based BTC ETFs are overwhelmingly dominant. Grayscale GBTC has around 292,000 BTC, BlackRock’s IBIT holds just under 280,000 BTC, Fidelity’s FBTC owns 162,000 BTC and together this trio manages a total of 734,000 BTC.
May 24th saw a serious inflow of $251.9 million into Bitcoin ETFs, after 10 consecutive days of positive inflows.
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BlackRock’s IBIT led with a $182.1 million inflows that pushed the comapny’s total net inflow to $16.4 billion. FBTC followed suit with $43.7 million in inflows, which raised their net flows to $8.7 billion.
In total, US ETFs have drawn some $13.7 billion in net new assets, reflecting the rising demand and acceptance of Bitcoin investment vehicles in many parts worldwide.