CandleFocus

Some bitcoin ETFs are doing better than others

Author: Content Editor
Since Trump's win, nearly $10 billion has been invested in US-listed spot funds, with 83% going to BlackRock's IBIT. The share prices of ETFs closely track the price of bitcoin, but it doesn't reflect whether the funds are up or down on their bitcoin purchases. By dividing the daily USD flow figures by the price of bitcoin, the estimated amount of BTC each fund buys and sells per day can be calculated. The cumulative current holdings of these funds amount to over 855,000 BTC ($84.2 billion) and over 1.1 million BTC ($108.3 billion) when including Grayscale's GBTC and BTC, representing about 5.6% of the circulating supply. Invesco-Galaxy's BTCO has acquired around 8,740 BTC net for $418.9 million, resulting in a shareholder collective gain of over 100%. BlackRock's IBIT has acquired approximately 523,935 BTC from $34.4 billion net flows, with an average coin price of $65,600. BTCO's contributors are commended for their success.

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