This week, the US spot Bitcoin ETFs have seen massive demand, with BlackRock’s IBIT reaching a total inflow of $22.5 billion since inception. On Wednesday, the BlackRock BTC ETF amassed a total of 5,805 BTC with inflows skyrocketing to $393.4 million. IBIT has now taken a substantial lead over its closest competitor, Fidelity’s FBTC, with $10.274 billion in inflows.
The net inflows across all nine US BTC ETFs have surpassed $20 billion for the first time since inception, and the week has started off with nearly $1.4 billion in netting for US BTC ETFs within the first three days. Additionally, on Wednesday, Quantity Funds launched an exchange-traded fund providing exposure to both Bitcoin and Gold.
Dubbed STKD Bitcoin & Gold ETF, the fund aims to protect investors from inflation and “currency debasement.” This new ETF will trade under the ticker symbol BTGD and will provide dual exposure to both bitcoin and gold through a mix of bitcoin futures, gold futures, and related ETFs.
