Bitcoin ETFs Hit Historic $100 Billion Milestone in Net Asset Value

CN
10 hours ago

Bitcoin’s rally to a record $95,000 high on Wednesday saw bitcoin ETFs also hit a historic milestone of $100 billion in total net asset value. According to data from Sosovalue, the 12 spot bitcoin ETFs’ combined net asset value hit $100.55 billion, approximately 5.4% of bitcoin’s market capitalization.

The top three bitcoin ETFs were Blackrock’s IBIT with $45.38 billion in net assets, followed by Grayscale’s GBTC with $20.61 billion in net assets. Fidelity’s FBTC made up the top three with $18.44 billion in net assets.

The net inflows into the 12 ETFs totalled $773.47 million on Wednesday with $5.09 billion total value traded. This was a drop of $63.89 from the previous day’s inflow of $837.36 million.

IBIT was the main driver of the positive flows with $626.52 million coming into the fund. GBTC on the other hand had no inflows for the day. Fidelity’s FBTC contributed $133.94 million in inflows with Bitwise’s BITB $9.3 million, and Ark Invest’s and 21shares’ ARKB $3.8 million rounding up the inflows for the day.

With bitcoin projected to hit the $100,000 mark in the coming days, ETFs could witness more historic inflows. Eric Balchunas, Senior ETF Analyst for Bloomberg shared on X, “ETFs have officially hit record flows in every region around the world with 5 weeks to spare, and what’s scary is December tends to be the biggest month flow-wise.”

Bitcoin ETFs Hit Historic $100 Billion Milestone in Net Asset Value

On the other hand, spot ethereum ETFs in the United States experienced net outflows of $30.3 million on Wednesday, prolonging their five-day negative flow streak. Yesterday, the trading volume of the nine ether ETFs decreased to $338.3 million from $345.1 million the day before.

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