According to a recent SoSoValue update on Bitcoin ETFs’ performance as of April 21, the daily total net inflow was recorded at $381.40 million, contributing to a cumulative total inflow of $35.76 billion. Additionally, the total net assets across the funds amount to $97.61 billion, which represents 5.63% of Bitcoin’s market capitalization.
IBIT ETF leads with $50B in assets
A deeper view indicates that IBIT, sponsored by BlackRock, leads in terms of net assets, totaling $50.02 billion. It shows a daily change of +3.03%, indicating a positive market movement. With a market price of $49.72, IBIT has a relatively low fee of 0.25% and holds a 2.88% Bitcoin share.
Following IBIT is FBTC, sponsored by Fidelity, with $17.07 billion in net assets. It has experienced a +2.99% daily change, reflecting growth in its value. Its market price is $76.38, and it operates with a zero-fee structure, suggesting minimal transaction costs for traders. This fund holds 0.98% of Bitcoin.
Grayscale’s GBTC, listed on NYSE, shows no change in its price, maintaining a steady value of $69.06. However, its cumulative net inflow has been negative at -$22.75 billion. Despite this, it still manages to maintain a solid market presence with $16.66 billion in net assets and a Bitcoin share of 0.96%.
ARKB, BITB, BTCW lead positive movements
ARKB, from Ark Invest, has posted positive inflows with $116.13 million in daily net inflows. It holds $2.60 billion in net assets. This fund sees a slight price increase, with its market price at $87.20. However, it has a relatively lower Bitcoin share of 0.24%, and its fee is 0.21%.
ETFs such as BITB, HODL, BRRR, and EZBC reported positive daily changes. The BTC-related products, like BITB and BTCW, also reflect positive daily performance, with BITB experiencing +2.95% and BTCW reporting +3.01%.
Despite the positive performance of most funds, Grayscale’s BTC product (BTC) shows a negative daily change of -0.07%. It remains the most significant in terms of Bitcoin share, holding 0.19% of Bitcoin. Its market price stands at $38.72, with a minor fee of 0.15%. In terms of trading volume, BTC’s daily volume stands at 76.74 million shares. Other funds, such as BITB and BTCW, have daily volumes of 32.01 million and 9.21 million shares, respectively.
