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Bitcoin ETFs See Strong Inflows Jump

After a strong start to the year, Bitcoin spot ETFs paused briefly over the summer.

By Mike Hesp
• 2 min read
Bitcoin ETFs See Strong Inflows Jump

After a strong start to the year, Bitcoin spot ETFs paused briefly over the summer. Since mid-September, however, a lot more money has been flowing into Bitcoin ETFs. In the last 30 days, institutional investors have invested nearly $3 billion in Bitcoin ETFs.

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BlackRock and Fidelity are the biggest ETFs with $26 billion and $10 billion in BTC reserves, respectively. Grayscale's GBTC, on the other hand, has seen net outflows of $20 billion since trading began in January.

The net inflow across all eleven spot ETFs sits at $24.24 billion, due to the sizable outflows from Grayscale. In less than 12 months, the world's largest asset managers have gathered over one million BTC. It’s worth noting that BlackRock and others don’t own this BTC themselves; they provide investors with regulated access to Bitcoin. The custody of eight of the eleven BTC ETFs is handled by Coinbase.

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