In a remarkable feat, the nine recently launched spot bitcoin exchange-traded funds (ETFs) have collectively amassed over 200,000 BTC in assets under management (AUM) within just one month of trading, excluding Grayscale’s converted GBTC fund.
As reported by K33 Research, the nine new ETFs have accumulated a total of 203,811 BTC (equivalent to $9.5 billion) as of the latest closing date. Launched on January 11, these ETFs include offerings from prominent names such as BlackRock (IBIT), Fidelity (FBTC), Bitwise (BITB), Ark 21Shares (ARKB), Invesco (BTCO), VanEck (HODL), Valkyrie (BRRR), Franklin Templeton (EZBC), and WisdomTree (BTCW).
To provide perspective, the combined holdings of these newborn ETFs now represent nearly 1% of the total bitcoin supply of 21 million BTC. This surpasses the holdings of notable entities such as MicroStrategy, Tether, and all public bitcoin miners combined.
Among the new funds, BlackRock’s IBIT spot bitcoin ETF leads the pack with over 80,000 BTC ($3.7 billion) in AUM, followed closely by Fidelity’s FBTC with more than 68,000 BTC ($3.2 billion), according to data from BitMEX Research.
These holdings also propel IBIT and FBTC to the top spots among the top 25 newborn ETFs overall after just one month of trading, as highlighted by Bloomberg ETF analyst Eric Balchunas. Balchunas noted that IBIT and FBTC are in a league of their own, each with over $3 billion in AUM, with ARKB and BITB also making notable appearances on the list.
In contrast, assets held by Grayscale’s converted GBTC fund have experienced a decline of nearly 25% since January 11, falling from around 619,000 BTC ($28.8 billion) to 469,000 BTC ($21.8 billion), according to data from CoinGlass.