
Bitcoin ETFs have seen significant inflows recently, with $130 million of inflows recorded on Monday, July 2, 2024. This comes despite a $10,000 drop in Bitcoin's price, with net positive flows for the day, week, and month. Year-to-date net flows have held steady at +$14.6 billion. Bitcoin ETFs bought 2,050 BTC worth $129,000,000. Modus Advisors, with $432 million in assets under management, has a $4.8 million Bitcoin ETF holding in FBTC, placing them in the top 5% of holders by AUM percentage. As of July 2, US Bitcoin ETFs held $55.42 billion in total assets under management compared to US Gold ETFs at $104.28 billion, making US Bitcoin ETFs 53.15% the size of US Gold ETFs. Additionally, over half of the top 25 US hedge funds have invested in Bitcoin ETFs by Q1 2024, with Millennium Management leading the pack, holding 27.2K BTC worth $1.69 billion, which constitutes 2.5% of their total assets.
NEW: Over half of the top 25 🇺🇸 US hedge funds invested in #Bitcoin ETFs by Q1 2024. Millennium Management led the pack, holding 27.2K #BTC (💵 $1.69B), making 2.5% of their total assets. https://t.co/Bw8qS43oIM
At the close on 2 July, US Bitcoin ETFs held $55.42bn in total AUM compared to US Gold ETFs at $104.28bn. US Bitcoin ETFs stands at 53.15% of US Gold ETFs size. #Bitcoin #Gold #ETFs Source: @business https://t.co/sphQXz3dd6
NEW: Modus Advisors ($432m AUM) has a $4.8m #Bitcoin ETF holding in FBTC That puts them in the top ~5% of holders by AUM% https://t.co/RxiMOhyRNu
