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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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