The total trading volume of Bitcoin ETF reached US$4.805 billion, and the total market value reached US$56.778 billion.
According to Coinglass data reported by Jinse Finance, as of today, the total trading volume of Bitcoin ETFs has reached 4.805 billion US dollars, with a total market value of 56.778 billion US dollars and a total asset management scale of 58.216 billion US dollars. Among them, the current price of GBTC is 58.11 US dollars, with a 24-hour decline of 1.09%; the current price of IBIT is 37.15 US dollars, with a 24-hour decline of 1.07%; the current price of FBTC is 57.05, with a 24-hour decline of 0.94%; the current price of BITO is 29.8, with a 24-hour decline of 1.03%, and the current price of ARKB is 65.22, with a 24-hour decline of 1.06%.
The cumulative net inflow of spot Bitcoin ETF in 45 trading days reached US$12.16 billion.
According to Spot On Chain monitoring, the net inflow of spot Bitcoin ETF on March 15 reached 199 million US dollars. Compared with March 14, the net inflow increased by 49.6%. The cumulative net inflow of spot Bitcoin ETF for 45 trading days is 12.16 billion US dollars.
Bloomberg Analyst: Bitcoin ETF will surpass gold ETF at some point
Eric Balchunas, a senior ETF analyst at Bloomberg, said that Bitcoin ETFs will eventually surpass gold ETFs, and the only thing that could disrupt this trend is a black swan event. The current power of these ETFs is beyond imagination. As long as the price of Bitcoin continues to rise (three to four days a week), I really don't see anything slowing down this trade for a period of time because it is now spiraling upwards and somewhat dependent on the price of Bitcoin. The higher the price, the more people will experience FOMO and become interested, and the more inflows will lead to higher prices.
MicroStrategy founder: Bitcoin ETF asset size will exceed gold funds
Michael Saylor, the founder of MicroStrategy, said that ETFs have exceeded his expectations in terms of fund inflows and trading volume. This summer, the assets of Bitcoin ETFs will surpass those of gold funds. BitMEX statistics show that since its launch on January 11th, the net inflow of spot Bitcoin ETFs has reached $8.9 billion. BlackRock's IBIT and Fidelity's FBTC are among the 20 most actively traded exchange-traded funds.
Today, 8 spot Bitcoin ETFs increased their holdings by 5,980 BTC, and GBTC reduced their holdings by 9,665 BTC.
Lookonchain monitoring data shows that Grayscale reduced its holdings of 9,665 BTC ($642 million) today, while 8 spot Bitcoin ETFs increased their holdings by 5,980 BTC ($397 million), with BlackRock's product adding 3,236 BTC ($215 million).
Bitcoin NFT Collection NodeMonkes Sets All-Time High with $11 Million in Sales Volume
Bitcoin-based NFT collections, specifically the NodeMonkes artwork, saw the highest trading volumes in the past 24 hours at $35 million, surpassing Ethereum-based assets. The collection, which features digital pictures of comic monkeys on the Bitcoin blockchain, has reached an all-time high of $11 million in sales volumes. NodeMonkes claims to be the first 10,000-count profile picture collection on Ordinals, with a sense of exclusivity and rarity due to its early imprinting on Bitcoin in February 2022. As Bitcoin continues to rally, some observers expect Ordinals activity to remain a major focal point in March.
U.S. Spot Bitcoin ETFs Currently Hold Nearly 4% of Total Bitcoin
The current holdings of Bitcoin by US spot Bitcoin ETFs account for nearly 4% of the total Bitcoin supply. Based on data from BitMEX Research, as of Friday's midday trading session in the US stock market, these ETFs collectively held 776,464 BTC (worth $47.7 billion), while the current circulating supply of Bitcoin is 19.64 million BTC (worth $1.21 trillion), with a maximum limit of 21 million BTC.
Canada’s Purpose Bitcoin ETF holdings fell below 30,000 Bitcoins, with nearly 1,500 BTC outflows in the past 7 days
According to Coinglass data, since the approval of the US Bitcoin ETF, the Canadian Purpose Bitcoin ETF has been in a state of outflow, with its Bitcoin holdings falling below 30,000 BTC and currently reaching about 29,630 BTC. In addition, Purpose Bitcoin ETF saw an outflow of 179.69 BTC yesterday, with a total outflow of about 1,470 BTC in the past seven days.
Today, 8 spot Bitcoin ETFs increased their holdings by 10,999 BTC, while Grayscale reduced its holdings by 3,606 BTC.
Lookonchain monitoring data shows that on March 1st, 8 spot Bitcoin ETFs increased their holdings by 10,999 BTC ($680 million), while Grayscale GBTC reduced their holdings by 3,606 BTC ($223 million). BlackRock increased their holdings by 9,730 BTC ($601 million).
BlackRock Spot Bitcoin ETF IBIT’s assets under management exceed $10 billion
In just seven weeks, BlackRock's spot bitcoin ETF IBIT reached a managed asset scale of $10 billion on Thursday. Prior to this, the fund received the second-largest daily net inflow of funds since its launch on January 11th. BlackRock's IBIT fund has reached a managed asset scale of over 162,000 bitcoins (worth $10 billion), while Fidelity's FBTC fund has assets of over 105,000 bitcoins (worth $630 million). Nate Geraci, president of ETF Store, pointed out that it should be noted that out of the 3,400 ETFs, only about 150 have a managed asset scale of over $10 billion, most of which were launched more than 10 years ago.
