Spot Bitcoin ETFs Surpass $10 Billion AUM, Signaling Strong Market Confidence

Spot Bitcoin ETFs Surpass $10 Billion AUM, Signaling Strong Market Confidence



On February 9th, a significant achievement was celebrated by the newly introduced Bitcoin spot Exchange-Traded Funds (ETFs), as they reached a monumental $10 billion in assets under management (AUM) following their initial 20 trading days. Data sourced from BitMEX Research highlighted a substantial inflow of $2.7 billion into these nine ETFs by January 9th, with BlackRock's IBIT fund leading the pack by managing $4 billion worth of Bitcoin. Following closely, Fidelity's FBTC managed over $3.4 billion in Bitcoin assets. Additionally, the ARK 21Shares fund surpassed the billion-dollar mark, encompassing approximately $1 billion in Bitcoin within its portfolio. In contrast, Grayscale's GBTC experienced outflows totaling $6.3 billion over the previous month, with February 9th marking its lowest daily outflow at $51.8 million since its


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#BitcoinETF, #BTCETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Regulations, #SpotBitcoinETF

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