Although investor appetite for Bitcoin is beginning to warm, spot ETFs have reached more than $200.000 billion in trading volume since their market listing.
In just three months, Bitcoin spot ETFs launched in the United States have managed to mark an important milestone in the market, exceeding $200.000 billion in trading volume.
According to data from The Block Research, the cumulative trading volume of spot Bitcoin ETFs was $201.680 billion dollars, on April 9. Demand and trading interest in Bitcoin through spot exchange-traded funds began to rise since late February, driving the volume traded by these financial instruments by more than 200% to date.
Source: The Block Research
More than 800.000 BTC are held in spot ETFs
The exact amount of Bitcoin held as assets under management (AUM) in spot funds is 840.794 BTC, according to data from Bitcoin Treasuries. In US dollar terms, the AUM in spot ETFs amounts to more than $59.260 billion.
Within these figures, the bitcoins held by Grayscale Investments' ETF, the Grayscale Bitcoin Trust (GBTC), are reflected, which remains the largest exchange-traded fund of the cryptocurrency to date, in terms of BTC holdings. According to the platform's data, GBTC holds a total of 318.451 BTC, valued at more than $22.000 billion.
However, although this remains the leading Bitcoin investment fund by current holdings, BlackRock's ETF, iShares Bitcoin Trust (IBIT), has become the most traded in the entire market.
Source: The Block Research
In this regard, Bloomberg associate researcher Sebastien Cabral commented through X that BlackRock, Grayscale and Fidelity are the three large asset managers that are leading investment in Bitcoin.
IBIT and FBTC: Among the 20 best ETFs in history
According to data published by Cabral, BlackRock is managing 38% of the cryptocurrency's spot ETF trading volume, while Grayscale commands 36% and Fidelity 19%. The remaining 12% of spot ETF volume is being managed in the other 8 funds listed on US exchanges.
In relation to the BlackRock and Fidelity investment fund, Cabral also highlighted that these ETFs have been registering inflows for 59 consecutive days, which places them among the 20 best exchange-traded funds of all time.
Record inflows into cryptocurrency funds
In addition to record trading volumes in Bitcoin ETFs, cryptocurrency-based investment funds have also reached new highs, with inflows exceeding $13.800 billion so far this year.
On weekly report Regarding inflows into crypto asset funds, CoinShares highlighted that investment in digital assets continues to be led by Bitcoin, which remains the center of attention for investors, registering inflows of $663 million in the last 7 days.
CoinShares also noted that investor sentiment for cryptocurrencies and digital assets remains positive, however, there is a perceived decline in investor appetite, which has begun to moderate after the hype generated by the approval of ETFs. spot in the US market.
At the time of writing, the price of Bitcoin is $70.720 per unit.
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