Spot Bitcoin ETFs One Year After US Launch: Here’s How Funds Have Fared So Far

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Spot Bitcoin ETFs One Year After US Launch: Here’s How Funds Have Fared So Far - NewsBTC

Quick Summary:

Performance Metrics Of US-Based Spot Bitcoin ETFs For years, the US Securities and Exchange Commission (SEC) resisted the approval of Spot Bitcoin ETFs, making their eventual approval in January 2024 a notable turning point for the crypto industry.

At the time of writing, US-based Spot Bitcoin ETFs now collectively control about $107.64 billion in Bitcoin assets, which represents about 5.75% of the total Bitcoin market cap, according to data from SoSoValue.

These two have been enough to balance the $21.57 net outflows from the pre-existing Grayscale Bitcoin Trust, which was converted to a Spot Bitcoin ETF. Other ETF providers have also witnessed cummulative net inflows in the past year, with ARK 21Shares Bitcoin ETF and Bitwise Bitcoin ETF also at $2.49 billion and $2.43 billion, respectively, at the time of writing.