Bitcoin ETFs have seen a stunning rise in activity, with an astounding flood of $520 million recorded within the last day, in a resounding demonstration of investor confidence. BitMex Research data shows that throughout this time, the total value of Bitcoin ETFs increased to an astounding 9,510 BTC, indicating a significant increase in investor interest.
Fidelity’s FBTC ETF, which had a significant acquisition of 4,450.6 BTC, or an astounding $243.3 million, is leading the charge in this increase. IBIT, the BlackRock-managed iShares Bitcoin Trust, is just behind it with an astounding 2,046.3 BTC worth of $111.8 million.
https://x.com/BitMEXResearch/status/1762389668186710091?s=20
Amidst these events, Grayscale, a noteworthy participant in the industry, disclosed a reduction in its holdings, severing 409.3 BTC, or $22.4 million – the lowest amount since the launch of Bitcoin ETFs in the initial ten days of January.
BlackRock’s position strengthens
It is still iShares Bitcoin Trust that rules the ETF market with a massive 128,615.4 BTC worth of an astounding $7.213 billion. The Wise Origin Bitcoin Fund from Fidelity comes in second place with 94,455.8 BTC in its portfolio, or about $5.3 billion in value. ARK Invest’s ARKB ETF completes the top three with 32,351.1 BTC, or $1.814 billion.
In addition, there was a significant amount of trading activity in BlackRock’s Bitcoin ETF, which reached $1.3 billion, ranking it as the 11th most traded ETF and in the top 25 for equities trading on the American market. With a combined volume of $2.4 billion at the conclusion of the day, nine ETFs broke all previous records set since their mid-January introduction.
