US Spot Bitcoin ETF Flows
On January 11, 2024, nearly a dozen fund providers were given the green light to launch the first spot-based Bitcoin ETFs in the United States. The issuers include financial titans such as BlackRock, Fidelity and many more. Since the launch, several hundred million US dollars have flowed into the products every week. Interested readers can find a detailed breakdown of the daily cash flows of the spot Bitcoin ETFs in millions of USD here.
| Date | IBIT | FBTC | BITB | ARKB | GBTC | Others | Total (USDm) |
|---|
Breakdown of the US Spot Bitcoin ETF flows (USDm) / Source: CVJ.CH, Farside Investors
Harvard Endowment Fund cuts its Bitcoin ETF position by 21% and invests $86.8 million in Ethereum for the first time.
Outside of the daily price fluctuations and economic headlines, we are seeing a significant shift in how crypto is actually used.
