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Post: Key Points: 9 Spot Bitcoin ETFs Reach $10 Billion AUM, BlackRock’s IBIT Leads the Way BlackRock’s IBIT fund holds $4 billion in Bitcoin, Fidelity’s FBTC follows with $3.4 billion Milestone Achieved: $10 Billion AUM for Bitcoin ETFs, BlackRock’s IBIT Dominates ARK 21Shares Reaches $1 Billion AUM in Bitcoin, Reflecting Investor Demand Grayscale’s GBTC Sees Outflows of $6.3 Billion, Stabilization Possible Hot Take: Bitcoin ETFs Hit $10 Billion AUM Milestone, Attracting Institutional Investors

Key Points: 9 Spot Bitcoin ETFs Reach $10 Billion AUM, BlackRock’s IBIT Leads the Way BlackRock’s IBIT fund holds $4 billion in Bitcoin, Fidelity’s FBTC follows with $3.4 billion Milestone Achieved: $10 Billion AUM for Bitcoin ETFs, BlackRock’s IBIT Dominates ARK 21Shares Reaches $1 Billion AUM in Bitcoin, Reflecting Investor Demand Grayscale’s GBTC Sees Outflows of $6.3 Billion, Stabilization Possible Hot Take: Bitcoin ETFs Hit $10 Billion AUM Milestone, Attracting Institutional Investors

Key Points:

  • The nine spot Bitcoin ETFs have reached $10 billion in assets under management (AUM) on Feb. 9.
  • BlackRock’s IBIT fund currently holds $4 billion worth of Bitcoin, making it the largest ETF by AUM.
  • Fidelity’s FBTC is in second place with over $3.4 billion in Bitcoin under management.
  • ARK 21Shares’ fund has also reached the billion-dollar milestone.
  • Grayscale’s GBTC has seen significant outflows, with $6.3 billion leaving the fund in the past 30 days.

BlackRock’s IBIT Leads the Way in AUM:

BlackRock’s IBIT fund holds the largest amount of Bitcoin among the nine spot Bitcoin ETFs, with $4 billion in assets. This has contributed to the ETFs collectively reaching the $10 billion AUM milestone.

Fidelity’s FBTC Follows Closely:

Fidelity’s FBTC ETF is in second place, with over $3.4 billion in Bitcoin under management. The strong performance of these two ETFs highlights the growing demand for Bitcoin investment products.

Milestone for ARK 21Shares:

ARK 21Shares’ fund has also reached a significant milestone, holding about $1 billion worth of Bitcoin in its portfolio. This demonstrates the popularity of Bitcoin ETFs among institutional and retail investors.

Outflows for Grayscale’s GBTC:

Grayscale’s GBTC has experienced significant outflows recently, with $6.3 billion leaving the fund in the past 30 days. However, on Feb. 9, the fund saw its smallest daily volume of capital withdrawals since conversion, with $51.8 million in outflows. This could indicate a potential stabilization or reversal of the outflow trend.

Hot Take:

The rapid growth in assets under management for spot Bitcoin ETFs highlights the increasing acceptance and interest in Bitcoin as an investment asset. The success of the BlackRock and Fidelity ETFs, in particular, demonstrates the confidence institutional investors have in the potential of Bitcoin. However, the outflows from Grayscale’s GBTC suggest some investors may be looking for alternative investment options. Overall, the milestone of $10 billion AUM is a positive development for the Bitcoin ETF market and could attract even more investors in the future.

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