Fidelity's FBTC Bitcoin ETF Tops 150K BTC 🚀🌟🚀

Fidelity’s FBTC Spot Bitcoin ETF Surpasses 150k BTC in Assets 📈

After just three months of trading, Fidelity’s FBTC spot Bitcoin exchange-traded fund has officially crossed 150,000 BTC in assets under management. The newborn-nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — total more than 520,000 BTC.

Fidelity’s FBTC Leads Among Bitcoin ETFs 🥇

Fidelity’s FBTC has amassed a total of 150,563 BTC in assets — worth around $10.1 billion at current prices.
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).

Comparison with Grayscale’s GBTC Fund

Assets held by Grayscale’s higher fee GBTC fund have fallen 48% from 619,220 BTC to 322,697 BTC in the same period.
Combined assets held by all U.S. spot Bitcoin ETFs now stand at 842,897 BTC — more than 4% of bitcoin’s total 21 million supply.

Market Share and Holdings Among ETFs

Grayscale’s GBTC fund market share is at 38.6%, while BlackRock’s IBIT has gained the most market share at 31.3%.
Fidelity’s FBTC holds 17.7%, and Ark Invest 21Shares’ ARKB holds 5.2% of the market share.

Spot Bitcoin ETFs Experience Net Outflows Amid Trading Volume Plateau 📉

The U.S. spot Bitcoin ETFs saw their worst day for net outflows since March 20 on Monday, with $223.8 million leaving the funds due to Grayscale’s GBTC outflows outpacing inflows from other ETFs.

Inflows and Outflows Among Different Bitcoin ETFs

Fidelity’s FBTC only managed $6.3 million in inflows on Monday.
Bitwise’s BITB led yesterday’s inflows with $40.3 million.
BlackRock’s IBIT had its second-lowest inflow day with $21.3 million worth of inflows.

Overall Flow Trends

Overall flows for the spot Bitcoin ETFs have slowed down since peaking at $1.05 billion in net daily inflows on March 12, coinciding with bitcoin’s latest all-time high.

Longest Daily ETF Inflow Streak 🚀

IBIT and FBTC have registered inflows for 59 consecutive trading days, reaching the all-time top 20 for daily inflow streaks among ETFs.

Bitcoin Price and Volume Trends

Bitcoin is currently trading at $70,593, down 2% over the past 24 hours but up 7% over the past month and 67% year-to-date. Daily volume has been declining, with $3.2 billion in trading on Monday.

Hot Take: FBTC Continues to Dominate Bitcoin ETF Market 💥

Despite a plateau in trading volume and net outflows, Fidelity’s FBTC spot Bitcoin ETF remains a key player in the market, surpassing 150k BTC in assets under management and securing a significant market share compared to other ETFs.