Bitcoin ETFs are a $107 billion success 1-year after launching.
(Photo by Spencer Platt/Getty Images)
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Key Takeaways
Bitcoin ETFs have acquired $107.64 billion, or 5.74% of BTC’s circulating supply since Jan. 11, 2024.
BlackRock’s BTC ETF commands over $52 billion in net assets.
The Grayscale Bitcoin Trust has seen over $21 billion in cumulative net outflows.
It’s officially been over a year since U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) were approved and launched, and funds have continued to perform extremely well in the lead-up to their anniversary.
As per data from SoSoValue, Bitcoin ETFs have maintained a positive weekly net inflow rate, pulling a sturdy $307.2 million on the week ending Jan. 10, 2025.
Bitcoin ETF flows. Source: SoSoValue
Flows remained positive despite two days of outflows that totaled over $700 million as in the days prior, funds had managed to pull over $1 billion in net inflows.
The top-performing funds, Blackrock’s iShares Bitcoin Trust (IBIT), and Fidelity’s Wise Origin Bitcoin Trust (FBTC) lead both the inflow and outflow rates, exerting significant influence on the week’s figures.
One Year Later
Now that funds have had a year to compete for dominance, it’s quite clear that IBIT and FBTC stand leagues above the competition.
So far, IBIT has seen $37.67 billion in cumulative net inflows, establishing a gigantic stash of $52.76 billion in net assets, representing 2.81% of BTC’s market cap. FBTC has pulled $12.16 billion in cumulative net inflows, building out a $19.5 billion stockpile of BTC.
Out of 12 funds, just one, the Grayscale Bitcoin Trust (GBTC), has seen negative cumulative net inflows. Formerly the largest BTC ETF in terms of assets under management (AUM) at launch, GBTC has recorded $21.57 billion in exits from its fund.
Combined, all 12 funds have stacked $107.64 billion in net assets, representing almost 6% of BTC’s market cap. At this rate, there’s a chance that funds could accumulate 10% of BTC’s supply by the end of 2025.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
