In the past four days, spot Bitcoin ETFs have seen a higher influx of funds than in the first four weeks of trading. Data from Bitcoin tracking platform Apollo shows that in the last four days, the 10 spot Bitcoin ETFs have collectively received 43,300 Bitcoin.
This equates to approximately $2.3 billion at current prices. In comparison, it took these funds 20 days to reach 42,000 Bitcoin in inflows.
This trend is reflected in the increasing number of spot Bitcoin ETFs that have reached the “billionaire club”, with four funds now having this distinction (excluding Grayscale).
The latest addition to this group is the Bitwise Bitcoin ETF, which achieved this milestone on February 14. Nate Geraci, president of the ETF store, described Bitwise’s performance as the “most impressive” because it is the only crypto-native investment fund among the top providers.
Bitwise was also surpassed by BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Trust, and Cathie Wood’s Ark 21Shares Bitcoin Trust in joining the billion-dollar club.
