Spot Bitcoin ETF Biggest Winners and Losers After One Year

In their first year of trading, they were able to purchase spot Bitcoin (Bitcoin against the dollar) Exchange-traded funds have seen billions of dollars flow into them and made it happen Easier for investors To invest in cryptocurrency. However, not all Bitcoin ETFs are created equal, and the past year has shown us that there has been a clear winner.

Since they commenced trading on January 11, 2024, Spot Bitcoin ETFs It saw net inflows of about $36.2 billion, according to data from Farside Investors. While iShares Bitcoin Trust (Ebit) experienced net inflows of approx 38 billion dollars During the period, total outflows amounted to more than $21 billion Grayscales Bitcoin Trust (GBTC) Pull down total flows.

The market also witnessed heavy trading volume of over $5 billion in a single day and on multiple occasions, according to Cluster.

The iShares Bitcoin ETF is a record-breaking winner

The massive inflows to IBIT were almost three times larger than those of its closest competitor.

Fidelity Wise Origin Bitcoin Fund (FBTC) was the only other Bitcoin exchange-traded fund with inflows of more than $10 billion. In fact, the Bitwise Bitcoin ETF (Betb) and ARK 21Shares Bitcoin ETF (ARKB) were the only other funds with inflows in the billions.

In terms of current size, IBIT’s assets under management are at US$52.9 billion as of January 19, 2025, which is much higher than other similar products.

Not only did the ETF leave its competitors in the dust, it broke all kinds of records while doing so.

For example, IBIT reached $50 billion in assets under management in just 227 trading days, breaking the previous record of 1,323 days set by the iShares Core MSCI Emerging Markets ETF (IEMG), according to Bloomberg ETF analyst Eric Balchunas.

Bitcoin is often called digital gold, but it is also called IBIT It’s not just bypassed iShares Gold ETF (International Astronomical Union) in assets but is rapidly gaining from the $75 billion in assets held by the world’s largest gold ETF – SPDR Gold Shares (GLD).

Massive outflows of GBTC and ETFs that did little

Spotting the biggest losers in the first year of spot Bitcoin ETF trading is a bit more difficult, as there are arguments for and against GBTC.

On the one hand, the ETF saw massive outflows of $1.6 billion in its first year of trading. On the other hand, it is still the second or third largest Bitcoin spot ETF on the market, depending on the day. Of course, it should be noted that some GBTC assets were as well I broke up In Grayscale Bitcoin Mini Trust ETF (Bitcoin).

The mismatch between GBTC flows and AUM is due to the fact that the fund existed before the approved listing of these financial products as ETFs.

Then there are ETFs that have barely moved the needle. Money promoted by Franklin (Izbek), Invesco (Petco), Valkyrie (Brrr), van Eyck (Hodel(and the tree of wisdom)BTCW) All with less than $1 billion in inflows During their first year of business.