news 
Bitcoin ETF Update: $5.87B Traded, IBIT Tops With $59B as FBTC Faces Challenges
A recent update from SoSoValue has revealed a significant shift in the Bitcoin Exchange-Traded Funds (ETFs) market, with a staggering $5.87 billion traded and IBIT taking the top spot with an impressive $59.27 billion in net assets.
The report highlights a dramatic daily outflow of $234.54 million across all Bitcoin ETFs, resulting in total net assets of $119.14 billion, which translates to 5.95% of Bitcoin’s market capitalization.
In a surprising turn of events, IBIT has emerged as the leader with a massive $59.27 billion in net assets, while FBTC, sponsored by Fidelity and traded on CBOE, faces significant challenges with an outflow of $177.64 million.
The data also reveals that Grayscale’s GBTC has suffered a substantial cumulative outflow of $21.88 billion, accompanied by a modest daily inflow of $8.02 million. The fund’s net assets have decreased to $20.36 billion, which is now priced at $80.17 with a -0.03% premium and a 0.30% daily decline.
In an unexpected twist, IBIT has taken the reins from FBTC as the top-performing Bitcoin ETF, while ARKB, backed by Ark & Co., experiences a net outflow of $50.75 million. This is accompanied by $5.15 billion in net assets, a market price of $101.07, and a discount of -0.42%.
Source: cryptonewsland.com
