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Highlights
- US spot Bitcoin ETFs have seen a strong week with net inflows of $458 million on Wednesday alone.
- Total inflows across all nine US BTC ETFs surpassed $20 billion for the first time since their inception.
- Quantity Funds launched the STKD Bitcoin & Gold ETF, a "stacked approach" fund.
The US spot Bitcoin ETFs have seen massive demand this week, with BlackRock’s IBIT hitting an important milestone with total inflows reaching $22.5 billion since inception. On Wednesday, the BlackRock BTC ETF scooped a total of 5,805 BTC with inflows skyrocketing to $393.4 million yesterday.
BlackRock Bitcoin ETF (IBIT) Leads the Pack
On Wednesday, the net inflows in US Bitcoin ETFs stood at a staggering $458 million with BlackRock (IBIT) taking an overwhelming lead against its peers. Of the total inflows, the BlackRock Bitcoin ETF alone contributed $393 million.
As a result, IBIT’s total inflows have now reached nearly $22.461 billion since inception, more than double the inflows of its immediate competitor Fidelity’s FBTC at $10.274 billion, per the Farside Investors data. Also, the net inflows across all nine US BTC ETFs have grossed more than $20 billion for the first time since inception.
This week has started on a pretty strong footing for US BTC ETFs netting nearly $1.4 billion within just the first three days. With two more days ahead and the growing chorus of Donald Trump Presidency, the weekly inflows could possibly shoot to $2 billion.
The spot BTC ETFs provide investors a regulated environment to seek exposure to Bitcoin. With MicroStrategy facing calls of overvaluation, investors’ attention has shifted to ETFs as a better proxy bet for the world’s largest digital asset.
BTC and Gold ETF In Demand
On Wednesday, October 16, Quantity Funds launched an exchange-traded fund that provides exposure to both Bitcoin and Gold. Dubbed STKD Bitcoin & Gold ETF, the fund aims to protect investors from inflation and “currency debasement,” according to the company’s statement.
This Bitcoin and Gold ETF from Quantity Funds will trade under the ticker symbol BTGD. It will provide dual exposure to both bitcoin and gold through a mix of bitcoin futures, gold futures, and related ETFs. For every $1 invested, retail investors gain 100% exposure to the ETF’s combined bitcoin and gold strategy. Speaking on the development, Quantity Funds noted:
“The bitcoin strategy seeks to capture the price return of bitcoin, investing in BTC futures and ETPs, while the gold strategy similarly seeks to capture the price return of gold via investments in gold futures and gold ETPs”.
BTGD is the first ETF to offer a “stacked approach,” providing more than $1 of exposure for every $1 invested in both BTC and gold, the firm announced. The fund does not invest directly in cryptocurrencies or physical gold but instead utilizes futures and ETFs to achieve its strategy.
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