On October 2, cumulative inflows into Bitcoin ETFs surpassed the $47 billion mark, driven primarily by gains in iShares Bitcoin Trust (IBIT), Grayscale Bitcoin Trust (GBTC), Fidelity Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB).
At the time of writing, the total market capitalization of Bitcoin ETFs stands at approximately $59.03 billion, with a total AUM (Assets Under Management) of $50.39 billion, according to Coinglass.
IBIT’s price is around $35.13, with a total market cap of approximately $22.55 billion, a turnover rate of 6.89%, and an expense ratio of 0.25%, making it the largest Bitcoin ETF.
On the other hand, GBTC is priced at about $49.12, with a market capitalization near $13.65 billion, a turnover rate of 1.5%, and an expense ratio of 1.5%.
As the Israel-Iran conflict has intensified after Iran’s ballistic missile attack on Israel, Bitcoin price is feared to slip below $60,000 after a 6.05% drop in its value. At the time of writing, Bitcoin’s price revolves around $61,205.43 with around a 4% drop in the last 24 hours, with a total market cap of $1.2 billion.
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