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Bitcoin ETF Assets: $79.30 Billion or Million? Reports Clash

U.Today and Crypto Economy give conflicting figures for total Bitcoin ETF net assets while citing the identical 12% market-cap claim.

Amelia Brooks 2 min read How we verify →
Original AltcoinGordon illustration for: Bitcoin ETF Assets: $79.30 Billion or Million? Reports Clash
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U.Today and Crypto Economy give conflicting figures for total Bitcoin ETF net assets while citing the identical 12% market-cap claim.

What all sources agree on

  • Bitcoin rose above $66,500 for the first time since July.
  • Matt Hougan, Bitwise Chief Investment Officer, said it was "hard not to be extremely bullish on both BTC and crypto right now."
  • The SEC introduced a proposal called Regulation Crypto Assets involving simplified fundraising rules and a safe-harbor framework.
  • The U.S. Treasury announced it would double the volume of its long-term government bond buybacks.
  • A closed-door meeting was held in Washington between the presidential administration and crypto executives, including Coinbase and Ripple, focused on tokenization and the Clarity Act.
  • Daily net inflows into spot Bitcoin ETFs reached $189.30 million.
  • BlackRock's IBIT fund accounted for $223.1 million of those inflows.

Where the reports disagree

1Total net assets under management across all Bitcoin ETFs

Total net assets under management across all Bitcoin ETFs reached $79.30 billion, representing approximately 12% of Bitcoin's total market capitalization.

U.Today

Total net assets under management across all these vehicles reached $79.30 million, equivalent to approximately 12% of Bitcoin's total market capitalization.

Crypto Economy

What would settle it: Published spot Bitcoin ETF assets-under-management data from the fund issuers or a market data aggregator such as Bloomberg or Farside Investors.

What to make of it

Treat the SEC proposal, Treasury buyback plan, White House meeting, and the $189.30 million/$223.1 million ETF inflow figures as consistently reported; the total ETF AUM figure ($79.30 billion vs. $79.30 million) is unresolved and should not be relied on until checked against primary fund data.

Treat the SEC proposal, Treasury buyback plan, White House meeting, and the $189.30 million/$223.1 million ETF inflow figures as consistently reported; the total ETF AUM figure ($79.30 billion vs. $79.30 million) is unresolved and should not be relied on until checked against primary fund data.

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