Since receiving approval from the SEC earlier this year, the Bitcoin spot ETF has attracted over $11.7 billion in funds, becoming a key indicator for observing buying activity in the cryptocurrency market. This article, sourced from Bitbro, introduces the main platforms that provide information on the flow of funds for the Bitcoin spot ETF.
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The article provides information on the flow of funds for the Bitcoin spot ETF and other related platforms.
Table of Contents:
1. SoSo Value
2. Hong Kong Exchange
3. Farside Investors
4. DeFi Llama
The US Bitcoin spot ETF was approved for listing by the US Securities and Exchange Commission (SEC) on January 11th this year. In just 5 days, it became the second largest single commodity ETF in the US and has attracted over $11.7 billion in funds since the beginning of the year. The product is seen as an important indicator for institutional and non-industry funds entering the market, and has become a key signal for observing market buying activity.
Therefore, investors closely monitor the daily net fund flow data of the Bitcoin spot ETF, and this article will introduce the platforms that provide this information.
SoSo Value provides comprehensive cryptocurrency market data and related popular tweets and news, including detailed information on spot ETFs. This information includes the latest daily and cumulative fund flows, total trading volume, and total assets under management for all ETFs.
Additionally, SoSo Value also provides data on premium/discount rates, fund flows (daily and cumulative), assets under management, and trading volume (daily and cumulative) for each ETF. Users can also download historical data for total flows, cumulative total flows, total trading volume, and total assets under management for past days, and view visual charts, making SoSo Value a frequently referenced website.
With the listing of Hong Kong Bitcoin and Ethereum spot ETFs on April 30th this year, the website also discloses related data. However, SoSo Value emphasizes that due to the cash and physical subscription support for the Bitcoin and Ethereum ETFs in Hong Kong, ETF shares purchased through physical subscription do not generate cash inflows for the assets. Therefore, this data should not be simply included in the daily net inflow statistics.
Therefore, the focus of the data panel is not the fund flows of each ETF, but the daily inflows of Bitcoin or Ethereum from issuing institutions. It also provides the number of ETF shares issued by institutions, assets under management, as well as premium/discount rates, market prices, trading volume, trading shares, and turnover rates relative to the underlying assets for each ETF.
Furthermore, for data on Hong Kong virtual asset ETFs, it can be directly queried on the Hong Kong Exchange website. Simply select “Virtual Assets” in the “Asset Class” section on the left column and click execute to view all information on Hong Kong virtual asset ETFs.
Farside Investors focuses on providing “fund flow” data for Bitcoin spot ETFs. In addition to the latest daily data, it also covers fund flow data for the past 12 days, as well as total fund flow, average fund flow, daily maximum and minimum fund flow for each ETF, and aggregates the overall fund flow data for all ETFs. This data is particularly useful for readers who want to understand recent changes in fund flows for Bitcoin spot ETFs.
DeFi Llama, which has been involved in the DeFi ecosystem, is not unfamiliar to readers. In addition to providing comprehensive DeFi data (TVL, Airdrop check tool, financing, etc.), it now also provides information on Bitcoin spot ETFs. Like SoSo Value, it provides data on trading volume, AUM, and fund flows, and adds visual presentations, but the data is less complete and real-time.
In addition, DeFi Llama also provides basic information on each ETF, including price, management fees, and custodians.
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