Bittime - There is good news for Bitcoin enthusiastsin the United States! For the fourth day in a row, the Bitcoin Spot ETF saw an increase in investments. The total investment received reached $257.34 million (around Rp. 4.1 trillion).
This report is based on data from SoSoValue. The Bitcoin Spot ETF that received the most investment yesterday was IBIT from BlackRock, with a total of $94 million (around IDR 1.5 trillion).
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Previously, investment in IBIT was minimal over the last three weeks. Meanwhile, FBTC from Fidelity attracted investments of $67 million (around Rp. 1.06 trillion), while Bitcoin ETFs from Ark Invest and 21Shares each received $62 million (around Rp. 989 billion).
Also read: Pros and Cons of Investing in Bitcoin ETFs
What's interesting is that GBTC from Grayscale, which previously experienced a decline in investment, actually experienced an increase yesterday. GBTC recorded a net investment of $4.64 million (around IDR 74 billion).
Another Bitcoin ETF from Valkyrie attracted investments of $18.5 million (around Rp. 295 billion), while ETFs from Bitwise, Franklin Templeton, Invesco, and Galaxy Digital received smaller amounts of investment.
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This increase in investment coincides with the first quarter financial reporting season on Wall Street. Several well-known financial institutions revealed their holdings of the Bitcoin Spot ETF, which turned out to be larger than previously thought.
Also read: Potential Impact of Bitcoin ETF Approval
"IBIT had 414 reported shareholders in its first 13F season, a fantastic and record-breaking number," wrote Eric Balchunas, senior ETF analyst at Bloomberg.
"Typically, for a newly launched ETF, having even 20 shareholders is extraordinary."
Based on reports, Morgan Stanley is recorded as having a Bitcoin Spot ETF worth more than $270 million (around IDR 4.3 trillion), while Millennium Management has a total of $1.94 billion (around IDR 30 trillion) spread across five Bitcoin ETFs.
In fact, the Wisconsin Investment Council also reported ownership of shares worth $163 million (around IDR 2.6 trillion) in ETFs owned by BlackRock and Grayscale.
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Overall, the total investment into the 11 Bitcoin Spot ETFs in the US so far has reached $12.40 billion (around IDR 197 trillion). Despite the increase in investment, the Bitcoin Spot ETF's daily trading volume is still lower compared to its peak last March.
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Read also:
Bitcoin Shoots to $66,000: Hong Kong Approves Bitcoin Spot ETF
Less likely than a Bitcoin ETF to be approved for an Ether ETF?
Bitcoin ETFs: BlackRock and Fidelity Still Lead the Market
Bitcoin and Ethereum ETF Fee Comparison: Which is Cheaper?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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