Excluding the massive outflows from Grayscale’s Bitcoin Trust (GBTC) makes the net inflows for the Newborn Nine over $40 billion<\/p>\n 2 min read<\/span><\/p>\n Updated:<\/span> Oct. 17, 2024 at 5:26 pm UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n Cover art\/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.<\/p>\n<\/div>\n<\/div>\n Spot Bitcoin<\/a> exchange-traded funds (ETFs) have reached a significant milestone, surpassing $20 billion in total net inflows for the first time, according to data shared by Bloomberg senior ETF analyst Eric Balchunas.<\/p>\n The achievement follows a week of extraordinary inflows<\/a> totaling $1.5 billion, indicating growing investor demand<\/a> for crypto exposure via ETFs.<\/p>\n Balchunas highlighted that net inflows are the \u201cmost important\u201d and \u201cmost difficult\u201d metric to grow in the ETF industry, making this milestone particularly noteworthy. By comparison, it took gold ETFs nearly five years to hit the same net inflow figure.<\/p>\n Some in the community highlighted that excluding the massive outflows from Grayscale\u2019s Bitcoin Trust (GBTC) makes the net inflows for the Newborn Nine over $40 billion, an even more staggering number compared to other ETF launches in the market\u2019s history.<\/p>\n Balchunas acknowledged the impact of the outflows but argued that including GBTC showcases the growth and eliminates all avenues of criticism. He said:<\/p>\n \u201cI like net [because] it\u2019s net GBTC so there\u2019s simply no way for haters to poke holes in it. You have to respect it.\u201d<\/p>\n<\/blockquote>\n US Bitcoin ETFs now manage $65 billion in total assets and collectively hold roughly 951,000 Bitcoin, a new record high.\u00a0Balchunas noted that the ETFs will soon rival the estimated 1.1 million Bitcoin held by the flagship crypto\u2019s mysterious pseudonymous creator, Satoshi Nakamoto. He said:<\/p>\n \u201cBitcoin ETFs are 86% of the way to Satoshi.\u201d<\/p>\n<\/blockquote>\n The surge in inflows has not only bolstered the total assets under management but also impacted the available supply of Bitcoin. With major institutional holders like BlackRock<\/a> continuing to accumulate, Bitcoin ETFs are playing an increasingly significant role<\/a> in concentrating ownership of the digital asset.<\/p>\n As demand for Bitcoin ETFs grows, their influence on the broader market is likely to intensify, offering regulated investment vehicles that continue to attract both retail and institutional investors.<\/p>\n The growing dominance of Bitcoin ETFs highlights their critical role in shaping the future of crypto investments as more investors seek secure and regulated ways to gain exposure to digital assets.<\/p>\n![\"bitcoins](\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/imgresize\/timthumb.php?src=https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/10\/bitcoin-etf-aum.jpg&w=70&h=37&q=75\")
US Bitcoin ETFs surpass $20 billion in net inflows, nearing Satoshi\u2019s holdings<\/span> Assad Jafri \u00b7<\/span> 2 months ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n![](\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/02\/cs-syed-150x150.jpg\")
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