Bitcoin ETFs Resume BTC Purchase 📈🚀 Exciting News for Crypto Investors!

You are the Prime Beneficiary of Bitcoin ETFs Now!

If you have been following the trends in Bitcoin ETFs, there is good news for you. In the last two weeks, ETFs on Bitcoin spot have started purchasing BTC again, with capital inflows totaling a whopping $1.3 billion. This marks a significant turnaround from the previous negative outflows experienced in April.

The Rejuvenated Bitcoin Spot ETF: New BTC Acquisitions

There are numerous Bitcoin ETFs globally, collectively holding approximately 991,000 BTC by the end of April.
Following a brief decrease of 10,000 units in early May, the total BTC held by these ETFs rose again.
By May 14th, the BTC count had returned to 991,000 and has seen an increase of 8,000 units since then.
BlackRock’s IBIT ETF now boasts over 276,000 BTC, inching closer to Grayscale’s ETF with almost 289,000 BTC.
GBTC has liquidated over 7,000 BTC since the end of March, while IBIT purchased 2,000 BTC in the same period.
The overtaking of BTC holdings may occur by the end of May if the current trend continues.

The Shifting Trends in Bitcoin Spot ETFs

Capital outflows dominated around mid-March, triggered by Bitcoin’s all-time high prices enticing many to sell.
The negative trend for spot Bitcoin ETFs seemed to halt by the end of March but resumed before mid-April in anticipation of the post-halving “sell the news” scenario.
The flow of capital reversed from outflows to inflows on Monday, leading to a substantial $1.3 billion in net inflows in the past two weeks.

The Landscape of Various Bitcoin Spot ETFs

GBTC appears to have stabilized its capital losses since May 6th after a prolonged phase of daily outflows since its launch on January 11th.
BlackRock’s IBIT and Fidelity’s FBTC now hold more BTC than GBTC has liquidated, with significant inflows into these ETFs before the halving.
In the last two weeks, FBTC recorded higher inflows than IBIT but still holds less BTC compared to the latter.
Last week saw a surge in flows into all new ETFs, except for GBTC, signifying a renewed interest in BTC investments.

The Resounding Success of Bitcoin ETFs

The positive inflows over the last two weeks have offset April’s negative outflows, raising the net worth of Bitcoin ETFs to over $12 billion since their launch in January.
In just four months, US-based Bitcoin spot ETFs have amassed a value comparable to major gold ETFs globally.
GBTC, the world’s largest Bitcoin ETF, boasts over $19 billion in assets under management, outstripping the largest gold ETF.
BlackRock’s ETF has witnessed a surge in AUM from buying Bitcoin in January, with a 55% increase in BTC value from $38,500 to $67,000.
The success of the new Bitcoin spot ETFs is partly attributed to the rising market value of BTC, making them a viable tool for short-term speculation on Bitcoin prices.