Fast Take
Based on knowledge from the Daring Report, Bitcoin exchange-traded merchandise (ETPs) have achieved a big milestone, accumulating over 1 million BTC. This interprets to a powerful $74 billion in belongings beneath administration (AUM).
This accumulation represents greater than 5% of Bitcoin’s circulating provide, which is roughly 19.7 million Bitcoin. In mid-March, these funding autos reached a peak of 1.1 million BTC held, with an AUM of round $76 billion.
The ProShares Bitcoin Technique ETF (BITO) stands out, presently holding roughly 43,400 Bitcoin valued at $3 billion in AUM. Remarkably, BITO has skilled continuous inflows every month because the introduction of spot Bitcoin ETFs in January, in line with the Daring Report.
| Ticker | Identify | Jan | Feb | Mar | AUM |
|---|---|---|---|---|---|
| GBTC | Grayscale Bitcoin Belief | -135,418 | -53,392 | -94,544 | $23.6B |
| IBIT | iShares Bitcoin Belief | +61,045 | +87,912 | +101,094 | $17.83B |
| FBTC | Constancy Smart Origin Bitcoin | +45,828 | +52,995 | +40,889 | $10.24B |
| ARKB | ARK 21Shares Bitcoin ETF | +15,391 | +18,408 | +10,700 | $3.16B |
| BITB | Bitwise Bitcoin ETF | +15,074 | +9,685 | +7,079 | $2.242B |
| BITO | ProShares Bitcoin Technique ETF | +3,305 | +496 | +1,678 | $3.033B |
Supply: Daring.Report
The submit Over 5% of Bitcoin’s circulating provide now held in ETPs appeared first on CryptoSlate.
