- BlackRock’s GOES leads with $65B assets and $232.89M daily inflow.
- Grayscale’s GBTC shows a negative cumulative inflow of -$22.95B despite $19.45B in assets.
- Most Bitcoin ETFs experienced price drops of around 1.4% to 1.5% on May 14.
According to a recent SoSoValue update on Bitcoin ETFs on May 14, the daily total net inflow to these products stood at $319.56 million, while the cumulative total net inflow reached $41.40 billion. Total value traded on the day amounted to $2.74 billion, with total net assets across these products valued at $121.84 billion, which represents 5.92% of Bitcoin’s market capitalization.
IBIT Maintains the Lead Across Other ETFs
The NASDAQ-listed BlackRock Bitcoin Trust dominates with $65 billion in net assets. It recorded a significant daily net inflow of $232.89 million, contributing to a cumulative net inflow of $45.01 billion. Despite this, the premium/discount value shows a slight decrease of 0.12%, and its market price dropped by 1.48%, settling at $58.74. Trading volume was robust at $2.27 billion, with daily share volume hitting 38.5 million.
Source: SoSoValueFidelity’s Bitcoin Trust (FBTC), listed on CBOE, holds $20.55 billion in net assets. It experienced a net inflow of $36.13 million on the day, pushing its cumulative net inflow to $11.65 billion. FBTC’s premium/discount narrowed slightly by 0.13%, and its market price declined 1.47%, closing at $90.22. Daily value traded was $168.57 million, with 1.87 million shares changing hands.
Grayscale Bitcoin Trust (GBTC) on NYSE presents contrasting data. It holds $19.45 billion in net assets but recorded no daily net inflow, while its cumulative net inflow is negative at -$22.95 billion. The premium/discount stands positive at 0.04%, with the market price declining 1.46% to $81.52. The trading volume was $109.17 million with 1.34 million shares traded.
Ark & 21Shares Bitcoin ETF (ARKB) on CBOE has $5.01 billion in net assets. It saw a daily net inflow of $5.16 million, and its cumulative net inflow reached $2.70 billion. The premium/discount decreased by 0.23%, with the price dropping 1.51% to $103.01. Value traded was $65.02 million with 630,120 shares traded. Grayscale’s other product, listed as BTC, holds $4.45 billion in net assets. The daily net inflow was $35.23 million, and the cumulative net inflow reached $1.35 billion. The market price fell 1.46% to $45.77 with $46.73 million traded.
BITB Holds $3.96B Assets as BTCW Reports No Daily Net Inflow
Bitwise Bitcoin Fund (BITB) on NYSE shows $3.96 billion in net assets. It recorded a $2.82 million daily net inflow and a $2.02 billion cumulative inflow. The premium/discount fell 0.21%, and the market price declined 1.51% to $56.21, with $51.82 million traded. VanEck Bitcoin Trust (HODL) on CBOE has $1.53 billion in net assets. It gained a daily net inflow of $7.32 million and a cumulative inflow of $899.18 million. Market price dropped 1.48% to $29.23, with $11.94 million traded.
Valkyrie Bitcoin ETF (BRRR) on NASDAQ has $630.78 million in net assets. It recorded no daily net inflow, but cumulative net inflow is $326.23 million. Market price fell 1.42% to $29.23 with $1.70 million traded. Invesco Bitcoin Strategy ETF (BTCO) on CBOE shows $556.34 million in net assets. It had no daily net inflow, with cumulative inflow at $111.42 million. Price dropped 1.47% to $103.16, and $9.84 million was traded.
Franklin Bitcoin Strategy ETF (EZBC) on CBOE holds $527.60 million in net assets. It had no daily net inflow, cumulative inflow was $251.47 million. Price dropped 1.47% to $59.86, with $3.26 million traded. WisdomTree Bitcoin Strategy Fund (BTCW) on CBOE holds $160.20 million in net assets. It recorded no daily net inflow, cumulative inflow at $37.53 million. Price dropped 1.43% to $109.52 with $6.59 million traded.
