The newly launched spot Bitcoin ETFs, excluding Grayscale have now amassed $35 billion worth of Bitcoin in just 54 days of trading.
The nine new spot Bitcoin exchange-traded funds have accumulated over 500,000 Bitcoin (BTC) since launching in January, with their holdings now accounting for 2.54% of the current circulating supply.
The nine ETFs, which launched on Jan. 11, hit the milestone following another day of inflows on Thursday, which saw the nine ETFs scoop up $287.7 million in Bitcoin, according to Farside Investors.
This brings the amount of Bitcoin held by the nine ETFs to a current worth of $35 billion over just 54 trading days.