
The recent surge in Bitcoin's value, now over $70,000, has significantly impacted the cryptocurrency investment landscape, particularly in the realm of Exchange-Traded Funds (ETFs). BlackRock's Bitcoin ETF, notably, has achieved a remarkable milestone by amassing over $10 billion in assets under management (AUM) in less than two months, setting a new record for the fastest growth to this threshold in U.S. ETF history. This rapid accumulation of assets outpaced the previous record held by the first Gold ETF, which took more than two years to reach the same mark after its launch in November 2004. Additionally, the collective AUM of the newly introduced Bitcoin Spot ETFs, referred to as the "newborn nine," is quickly becoming a formidable force in the investment world, with total assets significantly increasing from their inception in January to over $55.3 billion today. This surge in Bitcoin ETFs' popularity and AUM is part of a broader trend of substantial weekly inflows into cryptocurrency investment products, totaling $1.84 billion, with Bitcoin dominating 94% of this influx, highlighting a growing investor interest and confidence in Bitcoin as a viable asset class. The total volume traded for these ETFs has reached an astonishing $110 billion.

















[1/4] Bitcoin ETF Flow - 11 March 2024 All data in. A strong day with $505.5m net inflow. Blackrock again leading with $562.9m of inflow https://t.co/RDP8HNUvU1
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Bitcoin ETF Flow (US$ million) - 2024-03-11 TOTAL NET FLOW: 505.6 (Provisional data) IBIT: 562.9 FBTC: 215.5 BITB: 50 ARKB: 13 BTCO: -9.7 EZBC: 0 BRRR: 43.4 HODL: 118.8 BTCW: 5.8 GBTC: -494.1 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk