Tomasz Tunguz blog · 2024-02-16 · 839d

Bitcoin ETF Inflows Rival Major Tech IPOs in Historic First Month

Bitcoin spot ETFs launched on January 12, 2024, accumulated $4.6 billion in inflows within one month, with $2 billion raised in the first three days alone. This capital accumulation rivals or exceeds most major technology IPOs in history, including Twitter, Airbnb, and Snowflake, demonstrating unprecedented institutional interest in cryptocurrency investment vehicles.

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Metrics in this report

Bitcoin ETF 1-Month Inflows

4600$M

cumulative

Bitcoin spot ETF since January 12, 2024

Bitcoin ETF 3-Day Inflows

2000$M

cumulative

Bitcoin spot ETF launch period

Bitcoin ETF Day 1 Inflows

655$M

single day

Bitcoin spot ETF launch

Facebook IPO Capital Raised

16.0$B

single event

May 2012 technology IPO

Twitter IPO Capital Raised

2.1$B

single event

November 2013 technology IPO

Uber IPO Capital Raised

8.1$B

single event

May 2019 technology IPO