Spot Bitcoin ETF Largest Winners and Losers One 12 months On

Of their very first 12 months of buying and selling, spot bitcoin (BTCUSD) exchange-traded funds have seen billions of greenback stream into them and have made it simpler for buyers to put money into the cryptocurrency. Nonetheless, not all bitcoin ETFs are made the identical and this previous 12 months has proven us that there was a transparent winner.

Since they started buying and selling on Jan. 11, 2024, spot bitcoin ETFs have seen web inflows of roughly $36.2 billion, based on knowledge from Farside Traders. Whereas the iShares Bitcoin Belief (IBIT) noticed web inflows value practically $38 billion in the course of the interval, outflows totaling greater than $21 billion from Grayscales Bitcoin Belief (GBTC) dragged mixture inflows down.

The market additionally noticed heavy buying and selling quantity of greater than $5 billion in a single day on a number of events, based on The Block.

iShares Bitcoin ETF Is a Report-Breaking Winner

The large inflows into IBIT had been practically thrice higher than these into its closest competitor.

The Constancy Smart Origin Bitcoin Fund (FBTC) was the one different spot bitcoin ETF with greater than $10 billion in inflows. In truth, the Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) had been the one different funds with inflows within the billions.

By way of present dimension, IBIT’s AUM sits at $52.9 billion as of Jan. 19, 2025, considerably larger than different related merchandise.

And never solely did the ETF go away its opponents within the mud, it broke all kinds of data whereas doing so.

For instance, IBIT reached the $50 billion of belongings beneath administration milestone in simply 227 buying and selling days, breaking the earlier file of 1,323 days set by iShares Core MSCI Rising Markets ETF (IEMG), based on Bloomberg ETF analyst Eric Balchunas.

Bitcoin is commonly referred to as digital gold, however IBIT not solely surpassed iShares’ personal gold ETF (IAU) in belongings however is shortly gaining on the $75 billion in belongings held by the world’s largest gold ETF—the SPDR Gold Shares (GLD).

GBTC’s Large Outflows and ETFs That Did Little

Determining the largest losers within the first 12 months of spot bitcoin ETF buying and selling is a little more troublesome, as there are arguments for and in opposition to GBTC.

On the one hand, the ETF skilled large outflows of $1.6 billion in its first 12 months of buying and selling. Alternatively, it’s nonetheless the second or third-largest spot bitcoin ETF available on the market, relying on the day. After all, it needs to be famous that a few of GBTC’s belongings had been additionally spun off into the Grayscale Bitcoin Mini Belief ETF (BTC).

This mismatch between GBTC’s inflows and AUM is brought on by the truth that the fund existed previous to the authorized itemizing of those monetary merchandise as ETFs.

Then there are these ETFs that hardly moved the needle. Funds promoted by Franklin (EZBC), Invesco (BTCO), Valkyrie (BRRR), VanEck (HODL) and WisdomTree (BTCW) all skilled lower than $1 billion of inflows throughout their first buying and selling 12 months.