Overview
- Spot bitcoin ETFs by Bitwise and Fidelity saw higher day-one inflows compared to their competitors, with net inflows of $238 million and $227 million, respectively.
- Grayscale Investments’ Bitcoin Trust ETF (GBTC) saw net outflows of roughly $95 million.
- BlackRock’s iShares Bitcoin Trust (IBIT) has outperformed bitcoin since its launch, with less losses.
- IBIT and GBTC are leading the pack in terms of volume, with $334 million and $1 billion respectively.
- The first spot bitcoin ETFs in the US saw roughly $4.5 billion in day-one trading volumes.