Spot Bitcoin ETFs Mark One-Year Anniversary with Impressive Inflows
A Look Back at the First Year of Spot Bitcoin ETFs
Spot Bitcoin ETFs in the United States are set to mark their first anniversary tomorrow, with over $35 billion in inflows and assets under management of 1.13 million BTC, according to Farside Investors data.
Market Leaders Emerge
BlackRock led the year with $37.85 billion in inflows, followed by Grayscale’s net outflow of $21.58 billion. Fidelity’s $12.14 billion is in second place, while Ark and Bitwise also broke $2 billion, with the rest bringing in between $200 and $800 million.
Rapid Growth
Within three months of launch, IBIT’s assets under management stood at $15 billion, while FBTC reached $8 billion. Cumulative net inflows across all Bitcoin ETFs eventually rose to $36.3 billion, with total net assets at $107 billion or 1.13 million BTC.
Assets Under Management (AUM) vs. Net Inflows
While the inflows represent new money entering the Bitcoin ETFs, the total AUM reflects the combined effect of these inflows, Bitcoin’s price appreciation, and the existing holdings of converted funds. The AUM can be significantly larger than the reported inflows alone.
Assets Under Management (AUM) Breakdown
| Name | Ticker | BTC | USD |
|---|---|---|---|
| iShares Bitcoin Trust (BlackRock) | IBIT:NASDAQ | 557,881.8 | $52,944,327,315 |
| Fidelity Wise Origin Bitcoin Fund | FBTC:CBOE | 205,488.5 | $19,501,353,877 |
| Grayscale Bitcoin Trust | GBTC:NYSE | 204,411.5 | $19,399,143,981 |
| ARK 21Shares Bitcoin ETF | ARKB:CBOE | 46,747.9 | $4,436,488,372 |
| Bitwise Bitcoin ETF | BITB:NYSE | 40,793.7 | $3,871,420,442 |
| Grayscale Bitcoin Mini Trust | BTC:NYSE | 38,951.2 | $3,696,562,752 |
| Vaneck Bitcoin Trust | HODL:CBOE | 13,999.6 | $1,328,595,779 |
| Valkyrie Bitcoin Fund | BRRR:NASDAQ | 8,806.5 | $835,758,073 |
| Franklin Bitcoin ETF | EZBC:CBOE | 7,566.6 | $718,088,575 |
| Invesco Galaxy Bitcoin ETF | BTCO:CBOE | 7,282.2 | $691,098,330 |
| WisdomTree Bitcoin Fund | BTCW:CBOE | 3,861 | $366,418,205 |
| Hashdex Bitcoin ETF | DEFI:NYSE | 157.8 | $14,975,600 |
| Total: | 1,135,948 | $107,804,230,461 |
Speculation on Future Crypto-Focused Offerings
The broad acceptance of these ETFs has spurred speculation around additional crypto-focused offerings. Record-breaking Bitcoin inflows have contributed to hopes for a future wave of digital asset funds, with analysts projecting $35 billion in potential Bitcoin ETF inflows in 2025.
Market Performance
Bitcoin itself has maintained a trading range near five figures ahead of the anniversary, moving between $91,000 and $102,000. When the ETFs launched in 2024, Bitcoin’s price was around $46,000, following a momentum-fueled surge from $25,000 in mid-August 2023.
Conclusion
In just a year, spot Bitcoin ETFs have cemented their place in the financial landscape, smashing perceived glass ceilings and challenging conventional ETFs in ways many in traditional finance did not see coming. As the first year comes to a close, it is clear that these ETFs have become a force to be reckoned with.
FAQs
Q: What is the current total value of assets under management (AUM) for spot Bitcoin ETFs?
A: The current total AUM for spot Bitcoin ETFs stands at $107 billion or 1.13 million BTC.
Q: Which company led the year in terms of inflows?
A: BlackRock led the year with $37.85 billion in inflows.
Q: What is the current price range of Bitcoin?
A: Bitcoin’s price is currently trading between $91,000 and $102,000.
Q: What is the projected potential for Bitcoin ETF inflows in 2025?
A: Analysts project $35 billion in potential Bitcoin ETF inflows in 2025.
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