The recent rise in Bitcoin has also had a positive impact on spot Bitcoin ETFs, and inflows to ETFs have increased in recent days.
On September 24, there was a total net inflow of $136 million into spot Bitcoin ETFs. BlackRock ETF IBIT saw inflows of $98.8922 million.
With yesterday’s inflows, US spot Bitcoin ETFs reached a record high with $17.8 billion in flows since the beginning of the year.
Record in Bitcoin!
Bloomberg senior ETF analyst Eric Balchunas, while revealing this success of spot BTC ETFs in his post on X, reported that US spot Bitcoin ETFs experienced significant net inflows yesterday and that flows since the beginning of the year reached a record level of $17.8 billion.
Blackrock ranked third in Balchunas' list, which also announced the institutional platforms that own the most Bitcoin.
Stating that spot Bitcoin ETFs currently hold 916,047 BTC, the analyst noted that this figure corresponds to approximately 83% of the BTC held by Satoshi Nakamoto, the largest Bitcoin owner with 1.1 million BTC.
First on Balchunas’ list is Satoshi Nakamoto with 1.1 million BTC. Binance came in second with 673,783 BTC and BlackRock with 359,271 BTC.
The following companies were listed: Fidelity, Grayscale, Microstrategy, the US Government, Bitfinex, the Chinese government, Kraken, Black One, and Robinhood.
US bitcoin ETFs had good day yesterday pushing YTD flows to new high water mark of $17.8b. They’re now 92% of the way to owning 1million bitcoin and 83% of way to passing Satoshi as top holder. Tick tock.. pic.twitter.com/kTxlIzjJy6
— Eric Balchunas (@EricBalchunas) September 25, 2024
*This is not investment advice.
