In a resounding display of investor confidence, Bitcoin ETFs have experienced a remarkable surge in activity, with a staggering influx of $520 million reported within the past 24 hours. According to data released by BitMex Research, Bitcoin ETFs collectively amassed an impressive 9,510 BTC during this period, signaling a substantial uptick in interest from investors.
Leading the charge in this surge is Fidelity’s FBTC ETF, which saw a substantial addition of 4,450.6 BTC, amounting to a remarkable $243.3 million. Close on its heels is IBIT, the iShares Bitcoin Trust managed by BlackRock, securing an impressive 2,046.3 BTC valued at $111.8 million.
Amid this development, Grayscale, another significant player in the field, recorded a decrease in holdings, cutting 409.3 BTC, equivalent to $22.4 million – marking the lowest result since the introduction of Bitcoin ETFs in the first 10 days of January.
The dominance of iShares Bitcoin Trust on the ETF landscape remains, boasting a commanding 128,615.4 BTC valued at a staggering $7.213 billion. Fidelity’s Wise Origin Bitcoin Fund closely follows with 94,455.8 BTC, nearly $5.3 billion in value, while ARK Invest’s ARKB ETF rounds out the top three with 32,351.1 BTC in its portfolio, equivalent to $1.814 billion.
Moreover, BlackRock’s BTC ETF saw substantial trading volume, hitting $1.3 billion, making it the 11th most traded ETF and placing it among the top 25 for equity trading on the U. S. market. A total of nine ETFs ended the day with a combined volume of $2.4 billion, breaking records set since their launch in mid-January.