Binance: Bitcoin Spot ETF Achieves 14x Performance in First Year

BTC spot ETF net inflows recorded about KRW 27.9189 trillion
Gold spot ETF's first-year net inflows overwhelmed at KRW 2.0839 trillion
Increasing institutional investment in BTC spot ETF noted

According to a report released by Binance on the 27th, the BTC spot exchange-traded fund (ETF) in the US achieved net inflows of about $201 billion (approximately KRW 27.9189 trillion) in its first year, recording about 14 times higher net inflows compared to the gold spot ETF.

The report stated that the BTC holdings of the US BTC spot ETF recorded about 938,000 BTC, accounting for about 4.5% of the total circulating BTC supply. This is equivalent to about $63.3 billion in dollar value.

The US BTC spot ETF, launched in January this year, has achieved unprecedented success, recording net inflows for 24 out of the 40 weeks it has been traded. The total net inflows of the US BTC spot ETF so far is $21 billion. According to the report, the gold spot ETF recorded net inflows of about $1.5 billion in its first year after being launched in 2003.

The report stated that 80% of the demand for the US BTC spot ETF comes from individual investors. The number of institutional investors is around 1,200, and major institutional investors include Goldman Sachs, Morgan Stanley, and the Wisconsin Investment Board.

The report forecasted that the BTC spot ETF will record even larger net inflows in the next few years due to the clear increase in institutional investor demand for the US BTC spot ETF.

Reporter Kwon Seung-won ksw@