Bitcoin ETFs Cross 1 Million BTC Milestone Amid Surging US Inflows
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.
READ MORE: Indian Warren Buffet Skeptical About Bitcoin’s Future
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.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
