According to a SoSoValue update on Tuesday, Bitcoin ETFs pulled in $471.32 million in just 24 hours, pushing cumulative net inflows to $56.43 billion and total net assets to $90.26 billion, which is equivalent to 6.46 percent of Bitcoin’s entire market cap.
IBIT tops daily inflows as FBTC and Grayscale BTC advance
A deep dive into the individual Bitcoin ETFs Performance reveals that BlackRock’s IBIT led daily inflows with $181.89 million. Its cumulative net inflow reached $63.30 billion, the highest among Bitcoin ETFs. IBIT held $54.76 billion in net assets, 3.92 percent of Bitcoin’s market cap. The fund traded $1.60 billion in value and 40.43 million shares. Its market price stood at $39.52 after a 4.08 percent daily gain. The expense ratio remained 0.25 percent, while the premium measured -0.06 percent.
Source: SoSoValue (Bitcoin ETFs)
Fidelity’s FBTC ranked second in daily inflows with $147.32 million. Its cumulative net inflow reached $11.11 billion. The total net assets stood at $13.20 billion, with a 0.94 percent Bitcoin market share. The FBTC ETF traded $286.76 million in value and 4.73 million shares. Its price closed at $60.72 after a 4.04 percent daily increase.
Grayscale’s BTC fund posted $17.59 million in daily net inflows. Its cumulative net inflow reached $2.21 billion. Net assets stood at $3.63 billion, equal to 0.26 percent of Bitcoin’s market cap. Its market price stood at $30.85 after a 4.05 percent gain.
Mid-Tier Bitcoin ETFs adds more momentum
Bitwise’s BITB added $3.79 million in daily net inflows. Its cumulative net inflow reached $2.07 billion. Net assets totaled $2.62 billion, representing 0.19 percent of Bitcoin’s market cap. BITB traded $71.26 million in value and 1.88 million shares. Its price stood at $37.87 after a 4.07 percent daily rise. The premium or discount came in at -0.05 percent.
Ark and 21Shares’ ARKB recorded $118.76 million in daily net inflows. Its cumulative net inflow reached $1.55 billion. Net assets stood at $2.58 billion, just below BITB’s total. ARKB represented 0.18 percent of Bitcoin’s market capitalization. The fund charged a 0.21 percent fee. It traded $71.70 million in value and 3.10 million shares. Its price reached $23.15 after a 4.09 percent daily gain.
VanEck’s HODL brought in $1.97 million in daily net inflows. Its cumulative net inflow reached $1.18 billion. Net assets totaled $1.19 billion, equal to 0.09 percent of Bitcoin’s market cap. The fund charged a 0.25 percent fee. HODL traded $41.23 million and 2.10 million shares. Its price stood at $19.73 after a 4.09% daily increase. The premium measured was -0.03 percent.
GBTC, BTCO, EZBC, BRRR, BTCW, and DEFI hold steady as daily flows stay flat
While others recorded fresh inflows, some Bitcoin ETFs recorded no changes at all. In this category, Grayscale’s GBTC recorded no daily net inflow or outflow. Its cumulative net inflow remained negative at -$26.02 billion. GBTC held $10.77 billion in net assets. The fund represented 0.77 percent of Bitcoin’s market capitalization. The GBTC ETF traded $118.94 million and 2.19 million shares. Its price reached $54.26 after a 4.05 percent daily gain.
Invesco’s BTCO recorded no daily net inflow and no change from the prior session. Its cumulative net inflow stood at $245.03 million. Net assets totaled $467.94 million, 0.03 percent of BTC’s market capitalization. The fund charged a 0.25 percent fee. Franklin’s EZBC also recorded no daily net inflow. Its cumulative net inflow reached $374.56 million. Net assets stood at $439.65 million, matching 0.03 percent. Bitcoin market share.
Valkyrie’s BRRR recorded no daily net inflow. Its cumulative net inflow stood at $336.62 million. WisdomTree’s BTCW recorded no daily net inflow. Its cumulative net inflow reached $86.35 million. BTCW’s net assets stood at $150.88 million, with a 0.01 percent share of the Bitcoin market. Hashdex’s DEFI recorded no daily net inflow and the weakest cumulative figure in the table. Its cumulative net inflow remained negative at -$1.45 million. Net assets stood at $9.48 million.