Fidelity’s FBTC spot Bitcoin ETF surpasses 150,000 BTC within three months
Fidelity’s FBTC spot bitcoin ETF has exceeded 150,000 BTC in assets under management after just three months of trading.The newborn nine spot Bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now total more than 520,000 BTC.
Fidelity’s FBTC has amassed a total of 150,563 BTC in assets — worth around $10.1 billion at current prices — according to the funds’ latest disclosure . Of the newborn-nine ETFs, BlackRock’s IBIT currently leads with 263,937 BTC ($18.5 billion) and Ark Invest 21Shares’ ARKB is third with 43,726 BTC ($3.1 billion), according to CoinGlass data .
In comparison, assets held by Grayscale’s higher fee GBTC fund have fallen 48% from 619,220 BTC to 322,697 BTC in the same period. The combined assets held by all the U.S. spot Bitcoin ETFs is now at 842,897 BTC — more than 4% of bitcoin’s total 21 million supply.
In terms of market share of bitcoin holdings among the ETFs, Grayscale’s higher-fee GBTC fund has dropped to 38.6% since trading began on Jan.11. BlackRock’s IBIT has gained the most market share at 31.3%, followed by Fidelity’s FBTC on 17.7% and Ark Invest 21Shares’ ARKB on 5.2%, according to The Block’s data dashboard .
Spot Bitcoin ETFs see worst net outflows in three weeks amid subdued trading volume
The U.S. spot Bitcoin ETFs witnessed their worst day for net outflows since March 20 on Monday, with a total of $223.8 million leaving the funds as $303.3 million worth of outflows from Grayscale’s GBTC overpowered muted inflows from the other ETFs.
Despite reaching the AUM milestone, Fidelity’s FBTC only managed $6.3 million in inflows yesterday — its fourth worst day and a small fraction of its record daily inflow of $473 million on March 7.
Bitwise’s BITB led yesterday’s inflows, adding $40.3 million. However, BlackRock’s usually dominant IBIT ETF brought in just $21.3 million worth of inflows — its second-lowest inflow day on record. Ark Invest 21Shares’ ARKB added $9.3 million and WisdomTree’s BTCW $2.3 million, while the remaining ETFs recorded zero flows on Monday.
Overall flows for the spot Bitcoin ETFs have slowed since peaking at a net daily inflow of $1.05 billion on March 12, as bitcoin approached its latest all-time high of $73,836, according to The Block’s data dashboard .
However, IBIT and FBTC have now registered inflows for 59 consecutive trading days, entering the all-time top 20, Bloomberg ETF analyst Eric Balchunas noted yesterday. “That said they are in league of their own when it comes to active streaks or streaks for newborns,” he added.
Longest daily ETF inflow streak. Image: Bloomberg .
After reaching a record $9.9 billion on March 5, as bitcoin first broke past its prior cycle peak of around $69,000, daily volume has also been in decline, generating $3.2 billion in trading on Monday.
Bitcoin is currently trading for $70,593, according to The Block’s price page . The largest cryptocurrency by market cap is down 2% over the past 24 hours but has gained 7% over the past month and 67% year-to-date.
BTC/USD price chart. Image: The Block/TradingView .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple's New Leader’s Product Philosophy: Technical Aesthetics Over Concept Marketing, Focusing on “Ultimate Definition” Instead of Being First
In his first exclusive interview after taking office, Apple's new CEO Tenace clarified the company's strategic direction in the AI era: rejecting the market hype that "AI wearables will replace smartphones" and firmly maintaining the iPhone as the "perfect smart personal hub" at the absolute core. The 25-year engineering veteran exemplified Apple’s product philosophy of “not pursuing the first launch, but aiming for the ultimate result” with the debut of the first foldable device, the iPhone Duo.
Zcash News: $45M Whale Short Faces Pressure as ZEC Tops $1,200 and MemeToro Advances Open-Source AI Agent
5% US Treasury Yield, $120 Oil Price, VIX Index at 25? The Market's Nightmare Scenario Is Becoming Reality
The yield on the US 10-year Treasury has surged above 4.8%, rapidly approaching the critical “life-or-death line” at 5%. If it holds above this level, it will officially break out of its long-term fluctuating range, with almost no resistance above. Soaring oil prices and rising agricultural products continue to fuel inflation expectations. The VIX has awakened suddenly, and institutions are scrambling to buy tail risk protection. While the AI narrative underpins the resilience of tech stocks, the 35% short accumulation in the Nasdaq could trigger a short squeeze at any time.
U.S. Treasury yields approach the 5% "psychological threshold"! Global bond market sell-off intensifies, financial markets await tonight's ultimate CPI "verdict"
The global bond sell-off has pushed the yield on the 10-year U.S. Treasury close to the key 5% level.
Crypto prices
More
