Spot Bitcoin ETFs have finally been approved by the US Securities and Exchange Commission, and as expected, their approval led to a diverse market movement. The first day of trading for the 11 spot ETFs approved turned out to be a memorable one, with almost $4.6 billion worth of ETF shares traded. ETF volumes were also significant during the second day of trading, with steady activity pushing the cumulative volume to over $7.6 billion dollars.
According to BitMEX Research, the net inflow reported across the 11 spot Bitcoin ETFs was $532 million within the first two days, with Blackrock coming out on top with $497.7 million worth of BTC.
BlackRock’s Spot ETF Holdings
After two days of ETF trading, statistics have revealed the standings of the 11 ETFs, those leading the pack, and those falling behind. As expected, current data puts Blackrock’s total Bitcoin asset in its ETF ahead of the pack. The first day of trading saw Blackrock’s net inflow totaling $111.7 million, falling behind Bitwise and Fidelity with $237.9 million and $227 million respectively.
Bitcoin Spot ETF Flow – Day 2 UPDATE
Flow number for Blackrock now in. Blackrock had $386m of inflow. This gives Blackrock almost $500m of inflow in the first 2 days, likely putting it in the lead https://t.co/N0jYEQpgdg pic.twitter.com/xGzY8jvblO
— BitMEX Research (@BitMEXResearch) January 13, 2024
Notably, things took a turn on the second day of trading. Blackrock had the highest net inflow of $386 million on day 2 to push its total inflow to $497.99 million in the first two days. According to the
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Author: Scott Matherson
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