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    Bitcoin ETFs Hit $10 bn Milestone In One Month After Approval

    ByFebruary 12, 2024, 5:41 AM1 Mins read39 Views
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    Bitcoin ETFs Hit $10 bn Milestone In One Month After Approval

    Bitcoin ETFs have reached a $10 billion milestone in assets under management (AUM), with net flows reaching $2.7 billion on January 9.

    BlackRock’s iShares Bitcoin Trust currently holds Bitcoin worth $4 billion, while Fidelity’s Wise Origin Bitcoin Fund has over $3.4 billion in BTC under management.

    The ARK 21Shares Bitcoin ETF also reached the billion-dollar milestone, holding about $1 billion in its portfolio.

    Grayscale Bitcoin Trust (GBTC) outflows reached $6.3 billion over the past 30 days, with its smallest daily volume of capital withdrawals since conversion. Bitcoin ETF flows are expected to increase in the coming months.

    (With inputs from Shikha Singh)

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