11 Essential Bitcoin ETF Facts 11 Months After US Listings

December 12, 2024

It’s been almost a year since US spot bitcoin ETFs launched on Jan. 11, and a lot has happened since then. Here are 11 key facts about these products:

1. Combined net inflows for US spot bitcoin ETFs now total $34.3 billion, with BlackRock’s iShares Bitcoin Trust (IBIT) leading the pack with $35 billion in inflows.

2. Since Nov. 6, when Donald Trump was named the election winner, the bitcoin ETF category has attracted $10.8 billion in new capital.

3. These ETFs have seen net inflows on 158 out of 231 trading days, with the best day bringing in almost $1.4 billion and the worst day seeing $564 million in outflows.

4. BlackRock’s IBIT currently holds $50.8 billion in assets, surpassing their Gold Trust but still trailing behind State Street’s SPDR Gold Shares.

5. IBIT sees average daily inflows of $152 million, while the WisdomTree Bitcoin Fund (BTCW) trails behind with less than $1 million in daily inflows.

6. The Grayscale Bitcoin Trust (GBTC) has seen almost $21 billion in outflows, while their Bitcoin Mini Trust (BTC) has gained $900 million in new capital.

7. On average, 44.5 million IBIT shares trade per day, making it the eighth most traded ETF in the past three months.

8. Capital entering bitcoin ETFs is nine times higher than that going into ether ETFs since they launched in the US on July 23.

9. Institutional buyers of these ETFs include hedge funds, advisers, and pension funds like Jersey City’s pension fund.

10. Bitcoin ETFs now hold more bitcoin than what is estimated to be held by Satoshi Nakamoto, accounting for about 5% of the overall bitcoin supply.

11. Bitwise executives predict that bitcoin ETFs will see even more flows next year than they did in 2024, so we’ll have to wait and see what the future holds.

Overall, it’s clear that bitcoin ETFs have been gaining traction and attracting significant interest from various types of investors. Keep an eye on this space as it continues to evolve and grow.