AUM held in new spot ETF’s is now at $17.9819 billion through day 32 or ~315.55k BTC. This figure includes up to $7.5910 billion in cumulative outflows from GBTC so far. Average daily AUM entering new spot ETF’s is now $561.93 million with average inflows of $447.41 million or ~9.86k BTC. Yesterday average daily AUM was at $532.64 million with average inflows of $435.34 million or ~9.78k BTC.
The difference between average daily AUM and average daily inflows is currently 25.6%. For every $1 coming into spot ETF’s, AUM is increasing at a rate of $1.256.
Fund managers who have a spot ETF have cumulative AUM of ~$17 trillion. $17.9819 billion is 0.106% of their total AUM. At current pace it would take fund managers 303 trading days to reach a 1% allocation into BTC. There are 252 trading days in a year.
Put in another context, at GBTC’s peak they held 655.75k BTC in their trust. It took GBTC 7.5 years to build that position. New spot ETF’s have accumulated 48.1% of that amount of BTC over the span of 32 trading days.