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U.S. spot Bitcoin ETFs, launched just eleven months ago, have reached $50.6 billion in cumulative net inflows as of December 11th. This translates to 500,000 BTC, given Bitcoin’s current market value of $101,000.
This milestone shows the immense investor appetite for regulated Bitcoin exposure and makes it one of the fastest-growing ETFs in history.
Since their launch in January, these ETFs have absorbed over 2.5% of Bitcoin’s circulating supply. Vetle Lunde, Head of Research at K33 Research, shared a chart highlighting the year-long steady growth in net flows into Bitcoin spot ETFs:
- February 15: 100,423 BTC
- March 12: 203,103 BTC
- August 26: 302,221 BTC
- November 7: 405,270 BTC
- December 11: 500,925 BTC
Asset Managers Leading Bitcoin Inflows
Notably, the asset managers that have led the inflows include BlackRock, Fidelity, ARK, 21Shares Bitcoin ETF, and Bitwise. Specifically, BlackRock’s IBIT has registered total inflows of $35 billion, while Fidelity’s FBTC has seen $12.22 billion. ARK’s ARKB and Bitwise’s BITB are further behind, with inflows of $2.64 billion and $2.21 billion, respectively.
However, other asset managers have seen inflows in the millions, lagging far behind. They include WisdomTree, VanEck, Coinshares Valkyrie, Franklin, and Invesco Galaxy Bitcoin ETF.
Meanwhile, Grayscale has recorded a massive outflow of $20.89 billion since its launch, with the trend of outflows remaining consistent and showing no signs of subsiding.
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In addition to cumulative inflows into Bitcoin spot ETFs, these ETFs recently made history by surpassing 1.1 million BTC in total holdings, putting them ahead of Satoshi Nakamoto and making them the largest holder of Bitcoin.
Overall, the rapid accumulation aligns with the growing demand from institutional and retail investors who are seeking exposure to Bitcoin through regulated products. Analysts attribute this surge to numerous factors, including rising inflation concerns and Bitcoin’s narrative as digital gold.
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