Bitwise Spot BTC ETF In Top 5% of Largest ETFs
Bitwise Bitcoin ETF Trust (BITB) has risen to the top 5% of exchange-traded funds (ETF) by assets under management (AUM) launched in 2023.
The company took in $68 million and bought Bitcoin, bringing its total inflow to $370 million in the previous four days.
ETF Store president Nate Geraci claimed that BITB outperformed many ETFs launched in 2023, with an AUM of $355 million.
However, BITB’s AUM is now around $354 million, suggesting its ranking may have dropped. Bloomberg ETF analyst Eric Balchunas also noted that spot Bitcoin ETFs outperformed 500 other ETFs launched in 2023, with a total volume of $1.8 billion. This indicates that BITB’s ranking may have dropped in the rankings.
(With inputs from Shikha Singh)
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