The 'Newborn Nine,' a term coined by Eric Balchunas for emerging digital asset funds, witnessed a remarkable achievement with a record $914 million inflow in a single day. The fourth day of trading activity contributed to an overall aggregation of rolling net flows, reaching $1.2 billion.
Over the initial four-day trading period, the Newborn Nine demonstrated robust market participation, accumulating a substantial $3 billion with a trading volume of $5.4 billion. This surge in momentum surpassed the outflow of $450 million from GBTC, highlighting the growing significance of the Newborn Nine in the digital asset fund landscape.
Day 4 Flows: (Source: Eric Blachunas)
Among the Newborn Nine, IBIT surpassed the $1 billion mark, closely followed by FBTC. BITB secured the third position in terms of performance. Notably, half of the Newborn Nine funds exceeded the $100 million benchmark, indicating strong investor interest and confidence in these emerging digital asset funds.
In summary, the Newborn Nine Bitcoin ETFs exhibit significant success, with a record $914 million inflow in a single day, reflecting growing momentum and investor confidence in these emerging digital asset funds.
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