Nearly $1 Billion Into Bitcoin ETFs: What to Check on ETNs, Portfolio and Holding Period

US spot bitcoin ETFs took in a net $999 million on September 21, in a single trading day. It was the third consecutive day of inflows, and it met a bitcoin price that at times stood above $87,000. For you as an investor in Germany, that number is still only half the news, because these particular funds are out of your reach. The short answer to what you can do now: check which product you actually hold your bitcoin through, what that product is worth in an insolvency, and how it is taxed. Those three points decide your result far more than whether $999 million or $600 million flowed into American funds on Monday. The rest of this article works through them in order. $999 Million in One Day: What the ETF Numbers From September 21 Show The figures come from the data service SoSoValue and were picked up by several industry outlets on September 22. On that reading, the American spot bitcoin ETFs received net inflows of $999 million on September 21. The group's net assets under management stood at $110.135 billion afterwards, equal to 6.3 percent of the entire bitcoin market capitalisation. Cumulative net inflows since launch add up to $56.16 billion. Net inflow means that more fund sha...