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Bitcoin ETF Application Wave: Comparison of Spot and Futures ETF Performance and Analysis of Price Impact on BTC
Bitcoin ETF Market Analysis: Can Institutional Entry Propel the Mainstreaming of Encryption Assets?
The world's largest asset management company submitted an application for a Bitcoin spot ETF to regulators on June 15. Although the review results will not be announced until early September, this news is still seen as an important signal, indicating that Bitcoin and other encryption currencies may gain broader institutional adoption. Recently, several well-known institutions have submitted similar applications, and the market is full of confidence in the emergence of more compliant encryption investment products.
Analysis of the listed Bitcoin-related ETFs and funds shows:
The total holdings of the three main funds (BTCC.U, BTCE, and GBTC) is approximately 675,600 BTC, valued at 2.027 billion USD. Since June, it has increased by 9,292 BTC, showing a good overall growth trend.
The total assets managed by the five main Bitcoin futures ETFs have reached $1.295 billion. Among them, BITO is the only ETF that is fully allocated to futures contracts, while the others are partially allocated to other assets.
The highest return rate in the past month is BITS, reaching 33.20%, while others are around 12%. Since the beginning of this year, BITS has the highest return rate, reaching 137.65%, while others are around 74%. Futures ETFs have performed better than spot ETFs and trust funds.
The holdings of the Bitcoin spot ETF have recently increased by 5640 BTC, and the premium rate of a certain trust fund has rebounded. The returns of the spot ETF outperform those of the trust fund, but its trading volume is not as high as the latter. In June, the trading volumes of various funds have all increased to varying degrees.
The total assets of the 5 major Bitcoin futures ETFs are nearly $1.3 billion, with returns exceeding 70% this year. Among them, the largest, BITO, is fully allocated to futures contracts, while others also allocate some other assets. BITO leads in terms of fund size, inflow, and trading volume, but its returns are not as good as BITS.
The impact of ETF news on Bitcoin prices varies. The recent price increase may also be related to the record high on-chain trading activity. Overall, the development of ETFs and the entire encryption market influence each other, and attention should continue to be paid to its trading conditions in the future.