Bitget Futures Market Updates-Spot Bitcoin ETFs In the US Hold Nearly 259,000 BTC Worth $13.48 Billion
In the past five weeks, spot Bitcoin ETFs, excluding Grayscale Bitcoin Trust, attracted a whopping $11.4 billion in investments. These funds, managed by top names like BlackRock, Fidelity, and Ark, together, hold about 258,770 bitcoins, valued at $13.48 billion.
BlackRock's IBIT fund stands out with the most assets under management (AUM), owning 115,991 BTC worth $6.04 billion. Interestingly, some funds, like Invesco-Galaxy's BTCO, have significantly outperformed bitcoin itself, with gains of around 20%. Overall, these funds have seen impressive returns, with investors up by more than 18% since their launch on January 11, surpassing Bitcoin's own growth of less than 12%. This data underscores the growing popularity of Bitcoin-related investment products and the confidence investors have in them, especially with the backing of established financial institutions like BlackRock and Fidelity.
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Futures Market Updates
Bitcoin futures saw an increase in trading volume, which was a bounceback from yesterday's drop. Meanwhile, ETH futures trading volume maintained its steady growth. ETH still surpassed BTC in both liquidation amounts and funding rates. Both markets maintained a balanced long/short ratio. Short liquidations more than doubled long liquidations for ETH, while BTC had a higher number for long liquidations compared to short liquidations.Bitcoin Futures Updates
Total BTC Open Interest: $23.89B (+0.33%) BTC Volume (24H): $38.20B (+14.78%) BTC Liquidations (24H): $17.06M (Long)/$13.62M (Short) Long/Short Ratio: 49.55%/50.45% Funding Rate: 0.0079%Ether Futures Updates
Total ETH Open Interest: $10.42B (+1.55%) ETH Volume (24H): $27.70B (+39.21%) ETH Liquidations (24H): $11.28M (Long)/$26.99M (Short) Long/Short Ratio: 49.97%/50.03% Funding Rate: 0.0174%Top 3 OI Surges
PIXEL: $28.22M (+229,480.67%) GLM: $3.51M (+286.98%) JASMY: $21.78M (+120.80%) Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.Address:https://www.j56.xyz/markets/4078.html