As a seasoned researcher with a keen interest in the ever-evolving world of cryptocurrencies, I find myself consistently astounded by the dynamics at play in this fascinating market. Tuesday’s Bitcoin ETF inflows were nothing short of intriguing, with Fidelity Wise Origin Bitcoin Fund taking the lead, followed closely by Bitwise Bitcoin ETF and VanEck Bitcoin ETF. The dominance of BlackRock’s iShares Bitcoin ETF, now holding over $21 billion worth of Bitcoin, is undeniable.
Tuesday saw a whopping $187 million poured into Bitcoin Exchange-Traded Funds (ETFs).
The Fidelity Wise Origin Bitcoin Fund (FBTC) is currently experiencing the highest volume of investments with an inflow of approximately $56.6 million. Following closely behind is the Bitwise Bitcoin ETF (BITB), which has attracted about $42.2 million in investments. Rounding out the top three is the VanEck Bitcoin ETF (HODL), with around $3.2 million in inflows.
Approximately eight months following its debut, the BlackRock iShares Bitcoin Exchange-Traded Fund (ETF) currently manages over $21 billion in Bitcoin assets.
Standout, as BlackRock’s IBIT did not receive any inflows on Tuesday, while certain competitors saw positive figures. Since the launch of Bitcoin ETF products in January, BlackRock has been leading the pack. Yet, recent underperformance has left some cryptocurrency experts puzzled.
remarkably, there was no inflow or outflow of funds for Grayscale’s GBTC yesterday. Since its inception, this product has been responsible for a large portion of outflows from Bitcoin ETFs.
Bitcoin’s impressive inflows coincided with the bulls reclaiming the make-it-or-break-it $60,000 level. The leading cryptocurrency is currently changing hands at $60,257, according to CoinGecko data.
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2024-09-18 11:37