Yesterday, Bitcoin hit a new all-time high. It started rising from 68,000 USD in the afternoon in Taiwan and continued to climb until the US trading hours, reaching a peak of 72,800 USD. Despite a net outflow of 494.1 million USD from Grayscale’s GBTC on March 11th, the overall trend of Bitcoin ETFs remains robust. Currently, the top ten Bitcoin spot ETFs have assets totaling over 55 billion USD.
Contents:
– Bitcoin spot ETF assets exceed 55 billion USD
– Top ten cryptocurrencies by market capitalization
– Net outflow of 494.1 million USD from Grayscale’s GBTC on March 11th, with a total outflow of approximately 11 billion USD since its conversion to ETF, bringing the current asset size to 28 billion USD.
According to Eric Balchunas, an ETF analyst at Bloomberg, the top ten Bitcoin spot ETFs currently have assets totaling over 55 billion USD. BlackRock’s IBIT has reached an asset size of 13.5 billion USD, ranking second in terms of inflows this year, only behind Vanguard S&P 500 ETF (VOO) and iShares Core S&P 500 ETF (IVV), both large-cap US stock ETFs. Fidelity’s FBTC ranks fourth with an asset size of 8.6 billion USD.
In addition, VanEck once again lowered its fees to attract market share and announced that investments in its Bitcoin ETF, HODL, made before March 31, 2025, will be exempt from management fees. Yesterday, the asset size of HODL officially exceeded 3.1 billion USD.
The top ten cryptocurrencies by market capitalization are all showing an upward trend. Ethereum’s trend is similar to Bitcoin’s, reaching a recent high of 4,094 USD, but it has not reached a new all-time high like Bitcoin and still needs to increase by 20% to reach its historical high of 4,868 USD at the end of 2021.
BNB has successfully surpassed the $500 mark. Binance’s recent frequent launches of Launchpool (new coin mining) may be a major driving force behind BNB’s performance. It is currently 23% away from its historical high of 690 USD.
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Further reading:
Boyaa Interactive’s cryptocurrency investment profit reaches nearly 50 million RMB, planning to invest an additional 100 million USD in BTC and ETH.
Bitcoin breaks new all-time high! Soars and then plunges, wiping out nearly 1.2 billion USD.