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Hold onto your hats, crypto enthusiasts, because Spot Bitcoin ETFs are making waves like never before! In less than a year, these financial titans have grabbed a whopping 4.5% of all the Bitcoin out there, sparking a wildfire of interest and demand for the world’s favorite digital coin.

Get this: Bitcoin ETFs have scooped up more than 938,000 BTC, which is roughly $63.3 billion in today’s market. That’s a solid chunk of the total Bitcoin pie. And if you add in other similar funds, that number jumps to 1.1 million BTC, or about 5.2% of the circulating supply. Talk about a crypto gold rush!

The excitement didn't just happen overnight. From the get-go, these ETFs have been stockpiling Bitcoin like it’s going out of style. Even months after their debut, the inflow of Bitcoin into these funds shows no signs of slowing down, proving that investors are in it for the long haul.

Every day, these Bitcoin ETFs are snapping up an average of 1,100 BTC, taking them off the market and driving up demand. They’ve seen positive cash flows in 24 out of the last 40 weeks, with money pouring in faster than it's going out. Over the past 10 months, these ETFs have raked in over $21 billion in cumulative flows. That’s not just impressive; it’s record-breaking!

To put it into perspective, Bitcoin ETFs have outperformed the first Gold ETF, which was a big deal when it launched back in 2005. That Gold ETF hit $1.5 billion in its first year, but Bitcoin ETFs have obliterated that record with their $21 billion haul in less than a year. Eat your heart out, gold!

A few big players are leading the charge, with BlackRock’s IBIT, Grayscale’s GBTC, and Fidelity’s FBTC making up a massive 84% of the ETF market. Most of the action has been in IBIT, which has seen the lion’s share of net inflows.

Interestingly, a whopping 80% of the demand for Bitcoin ETFs comes from everyday investors like you and me. But don’t count out the big guns just yet—institutions are getting in on the action, too. Their interest has climbed nearly 8% since the start of the year, and there are now over 1,200 institutional investors dabbling in Bitcoin ETFs. These include heavy hitters like Goldman Sachs, Morgan Stanley, and even the State of Wisconsin Investment Board.

Looking ahead, the buzz around Bitcoin ETFs is only expected to grow. As more investors warm up to digital assets, especially with Bitcoin’s increasing correlation with the S&P 500, the scene is set for Bitcoin to solidify its place as a safe-haven asset.

Unfortunately, while Bitcoin is basking in the limelight, Ethereum ETFs are having a bit of a rough patch. They’ve seen over $103.1 million in outflows, with more weeks of negative flows than positive ones. But hey, every underdog has its day, right? Stay tuned, because in the world of crypto, anything can happen!

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