Author: Ben Strack, Blockworks; Compiled by: Five Baht, Golden Finance

Eleven months have passed since the US spot Bitcoin ETF was launched on January 11.

Here are 11 facts about these financial products:

Net inflows currently total $34.3 billion, according to Farside Investors. BlackRock's iShares Bitcoin Trust (IBIT) alone attracted $35 billion, while Fidelity's product came in second with $12.1 billion in inflows.

The Bitcoin ETF category has attracted $10.8 billion in new investment since November 6, when Donald Trump was named the winner of the election, removing the reputational risk cryptocurrencies posed to many. capital.

The sector saw net inflows on 158 of 231 trading days (68% of the time). The best day (nearly $1.4 billion) was November 7. The largest outflow ($564 million, May 1) was partially attributed to the BTC decline triggered by profit-taking.

As of December 10, BlackRock’s IBIT assets were $50.8 billion. That's about $17 billion more than the company's 2005-launched Gold Trust (IAU); but about $24 billion less than the assets of State Street's SPDR Gold Equity (GLD), which floated in 2004.

While IBIT has seen average daily inflows of $152 million, the WisdomTree Bitcoin Fund (BTCW) has seen less than $1 million.

Nearly $21 billion has left the Grayscale Bitcoin Trust (GBTC), with varying success rates for the flow – a result that was largely expected. The company’s cheaper Bitcoin Mini Trust (BTC), launched on July 31, has attracted nearly $900 million in new funding.

As for trading volume, an average of 44.5 million IBIT shares are traded daily (worth approximately $2.6 billion at IBIT’s current price). The BlackRock offering has ranked eighth among all ETFs (by shares) over the past three months, just below the SPDR S&P 500 ETF Trust (SPY).

Since the spot Ethereum ETF launched on the U.S. market on July 23, capital entering BTC products ($16.8 billion) has been roughly nine times greater than net inflows into ETH equivalents ($1.9 billion). Therefore, during this period, the ETH ETF saw net inflows of approximately BTC11% of ETFs — below Bloomberg Intelligence estimates of 15% to 25%.

Institutional buyers of these ETFs include hedge funds, advisors and even pension funds. Jersey City officials say the city’s pension fund plans to buy a Bitcoin ETF this month.

Data shared by Bloomberg Intelligence shows that Bitcoin ETFs now hold more Bitcoin than Satoshi Nakamoto’s estimated 1.1 million BTC. In other words, this represents approximately 5% of the total supply of Bitcoin.

Finally, the value of each fund’s BTC reserves may not be what you think compared to the price they paid for those tokens.

Bitwise executives predicted Tuesday that Bitcoin ETFs will attract more money next year than in 2024. Let's see what happens in the next few weeks before moving on to the industry outlook.