How Much Money Did the New US Bitcoin ETFs Actually…

From Morningstar:

The launch of US bitcoin ETFs attracted billions of dollars in funds in just a month, with $7.7 billion flowing in. There are now a total of 10 new spot bitcoin ETFs, in addition to the Grayscale Bitcoin Trust which converted to a spot bitcoin ETF, experiencing outflows of $5 billion due to shareholder redemptions. Financial figures are calculated from the difference between published NAV and shares outstanding. The majority of the inflows into the new ETFs are likely from net new money rather than shifting from other ETFs. Market experts predict continued inflows into bitcoin ETFs in the US, especially as advisors seek to easily include bitcoin positions in client portfolios.



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