Bitcoin ETFs in the US reach $50 billion
Since the first Bitcoin cash ETFs opened in the US, institutional investors have invested over $50 billion into the cryptocurrency through legal financial products. Just a year and a half later, Bitcoin is clearly becoming a part of mainstream investing, and the growth is rapid.
A shiny Bitcoin coin in a glass case, surrounded by stacks of dollar bills and a rising chart in the background, shows how demand and flows into Bitcoin ETFs are increasing.
In a quick summary, US Bitcoin spot ETFs have brought in more than $50 billion in just 18 months since they started. BlackRock and Fidelity are the top players, while Grayscale has experienced large outflows. Companies worldwide are adding Bitcoin to their cash reserves as Bitcoin reaches new highs.
Image
BlackRock and Fidelity lead the market with the most inflows. BlackRock’s iShares Bitcoin Trust (IBIT) alone attracted $53 billion in gross deposits. However, Grayscale’s GBTC had outflows of about $23.34 billion, making the net gain around $50 billion for all ETFs combined.
Fidelity's Wise Origin Bitcoin Fund (FBTC) ranks second, with $12.29 billion in investments. Even though GBTC’s growth slowed, continued demand from investors remains strong, both from big institutions and everyday traders.
According to CoinShares, Bitcoin still dominates the digital asset market. It accounts for about 83% of all flow into crypto products this year. Ethereum comes next with 16%. BlackRock’s IBIT is especially noteworthy. It now holds over 700,000 Bitcoin, which is more than 55% of all BTC kept in US cash ETFs.
In fact, IBIT is now making more money for BlackRock than its main S&P 500 ETF. This shows how much crypto investing has become part of regular fund management.
Businesses are also adding more Bitcoin to their cash reserves. Recently, Japan’s Metaplanet bought $237 million worth of BTC. This makes it the fifth-largest company holding Bitcoin, with over 15,500 BTC.
Two other European firms also made big moves. France’s Blockchain Group and the UK’s Smarter Web Company bought $12.5 million and $24.3 million worth of Bitcoin, respectively. Remixpoint, a Japanese company, plans to buy 3,000 BTC after raising $215 million in funding.
Bitcoin hit a new high of $112,000 this week, with around $200 million in short bets getting wiped out. Ethereum also gained strength, rising 6.6% in one day and trading around $2,778. Many experts believe Ethereum could soon reach $3,000 if the upward trend continues.
Looking ahead, crossing the $50 billion mark in ETF investments shows a major shift in how people see and use crypto.
As more institutions pour money into Bitcoin and companies hold Bitcoin as part of their cash, it’s clear that Bitcoin is becoming a long-term store of value. Ethereum still benefits from wider market optimism and the growth of crypto investing through ETFs.