Bitcoin ETFs hit $10B milestone just one month after approval

The nine spot Bitcoin ETFs reached a significant milestone of $10 billion in assets under management on Feb. 9.

The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions hitting the $10 billion milestone in assets under management (AUM). 

According to data from BitMEX Research, net flows for the nine ETFs reached $2.7 billion on Jan. 9, led by BlackRock’s IBIT fund, which currently holds Bitcoin (BTC) worth $4 billion. The second position is claimed by Fidelity’s FBTC, with over $3.4 billion in BTC under management.

ARK 21Shares’ fund also reached the billion-dollar milestone, holding about $1 billion worth of Bitcoin in its portfolio. Meanwhile, Grayscale’s GBTC outflows amounted to $6.3 billion over the past 30 days. The fund recorded $51.8 million in outflows on Feb. 9, its smallest daily volume of capital withdrawals since conversion.

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