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On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale’s Bitcoin Trust GBTC, now encompasses 507,472.89 $BTC or 2.57% of the total circulating supply of 19.67 million bitcoins.
U.S. Spot Bitcoin ETFs Capture $113.5 Million in New Inflows Amidst Market Fluctuations
The recently launched spot bitcoin ETFs enjoyed another day of positive inflows, following yesterday’s addition of $39.5 million. On Wednesday, they gathered approximately $113.5 million, even as the overall trading volume slightly dipped compared to Tuesday. Despite this influx, Grayscale’s Bitcoin Trust GBTC experienced a minor outflow, though less pronounced than in recent days. Leading the inflow charge was Fidelity’s FBTC, closely trailed by Blackrock’s IBIT.
Grayscale’s GBTC was in possession of 333,619.19 $BTC as recorded in archived statistics on April 2, and as of April 4, the fund’s holdings have been adjusted to 328,012.82 $BTC, valued at $21.6 billion. This adjustment indicates that GBTC reduced its holdings by 5,606.37 $BTC during this interval. Blackrock‘s IBIT is now the custodian of 257,319.61 $BTC, valued at $16.9 billion, positioning it as the second-largest holder among the ten, following GBTC. Meanwhile, FBTC has accumulated 146,016.20 $BTC, which is currently valued at $9.72 billion, according to the latest $BTC exchange rates.
Ark Invest’s ARKB ranks as the third-largest custodian among the ten, with its holdings reaching 43,338 $BTC, valued at approximately $2.88 billion. Bitwise’s BITB secures 32,105.38 $BTC, while Vaneck’s HODL maintains possession of 8,824.02 $BTC, and Valkyrie’s BRRR oversees a total of 7,731.50 $BTC as of Thursday. The Invesco Galaxy ETF’s holdings now amount to 5,937 $BTC, Franklin Templeton’s EZBC fund safeguards 4,843 $BTC, and Wisdomtree’s BTCW has 1,194.88 $BTC under its belt. The newly minted Hashdex spot bitcoin ETF, which has just begun to amass reserves, currently possesses 163.3 $BTC.
As of April 4, every spot bitcoin ETF, excluding GBTC, collectively manages 507,472.89 $BTC, estimated to be worth around $33.78 billion. These ten ETFs account for 2.57% of the existing 19.67 million bitcoins. Including GBTC, the 11 ETFs combined possess 835,485.71 $BTC, making up 4.24% of the total circulating supply of 19.67 million $BTC.
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