Bitcoin ETF Draws More Than $4 Billion in Day One, says Analyst

By: Nisha Kumari

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Jan 12, 2024

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Eric Balchunas, Bloomberg senior analyst, shared his views that it is a good sign to see 4 issuers over $100m.

Expert opinion

IBIT: $1009.2m FBTC: $673m ARKB: $275.6m BITB: $120.3m

Top 4 funds Influx

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Spot total: $4326.8m Spot Total ex GBTC: $6201m

Overall spot volume

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IBIT’s annual fee is 0.25%, with a reduced rate of 0.12% applicable for the initial 12 months on assets up to $5 billion.

IBIT annual fee

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Valkyrie Bitcoin Fund, WisdomTree Bitcoin Fund, and the Hashdex Bitcoin Futures ETF recorded below $10 million.

Less successful ETFs

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Trading value: $45,865.05 Market capitalization: $899b

Bitcoins current value

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Top 7  Altcoins  under $0.05 to watch in 2024 

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