SEC Chairman Gary Gensler was the deciding vote in the 3-2 approval of 11 spot bitcoin ETFs. Despite voting yes, Gensler warned about crypto risks and reiterated that the approval does not endorse bitcoin.
The U.S. SEC approved 11 spot Bitcoin ETFs in a 3-2 vote, with Chairman Gary Gensler breaking a 2-2 tie. The landmark decision allows trading on major exchanges, though Gensler warned investors about crypto risks.
Nine new spot Bitcoin ETFs have amassed 177,949 BTC (worth $7.62 billion) as of Feb. 2, 2024, with BlackRock’s IBIT and Fidelity’s FBTC collectively holding 74.5% of the total. Combined with GBTC, all ten ETFs now control 656,286 BTC, representing 3.345% of the circulating supply.
As of Feb 2, 2024, nine new spot Bitcoin ETFs collectively hold 177,949 BTC worth $7.62B. BlackRock's IBIT and Fidelity's FBTC alone account for nearly 75% of these holdings. GBTC’s outflows have netted about 39,206 BTC into the new funds.
Nine newly launched U.S. spot bitcoin ETFs have accumulated 177,949.11 BTC, with BlackRock's IBIT and Fidelity's FBTC accounting for nearly three-quarters of that total.
Nine newly launched U.S. spot bitcoin ETFs accumulated 177,949.11 BTC by Feb. 2, 2024, while GBTC shed 138,742.56 BTC. BlackRock and Fidelity accounted for nearly three-quarters of the new funds’ holdings.
US spot bitcoin ETFs recorded a combined $168.44 million in net outflows on Monday, led by GBTC, ARKB, and FBTC, even as a few smaller funds still posted modest inflows.
On Monday, U.S. spot Bitcoin ETFs recorded $168.44 million in net outflows, driven by GBTC ($69.12M), ARKB ($69M), and FBTC ($58.04M). However, Grayscale Mini BTC, VanEck HODL, and Bitwise BITB attracted inflows. Cumulative net inflows stand at $17.34 billion.
