The co-founder and CEO of Bitwise, Hunter Horsley, has revealed that the company’s Bitwise spot Bitcoin ETF Trust (BITB) experienced a significant capital inflow. The fund received an infusion of $80.03 million, which was invested in purchasing more Bitcoin. According to Horsley’s announcement, this boost has propelled the Bitwise spot ETF to become the leading exchange-traded fund (ETF) to debut in 2023. This accomplishment signifies that over a span of four days, a total of $370 million has been invested into BITB. In other news, a Bitcoin ETF could be nearing official authorization. The recent advertisement from Bitwise hints at a forthcoming achievement of an important deadline. Nate Geraci, the head of the ETF Store, remarked on the rise of BITB. Geraci notes that among the more than 540 ETFs that were launched in the last year, BITB stands out as it places within the top 25 based on the size of its Assets Under Management, which have reached $355 million. This achievement highlights the significant impact of the SEC’s decision to approve Spot Bitcoin ETFs. The authorization of spot Bitcoin ETFs by the US Securities and Exchange Commission marks a notable progression for the sector. Bloomberg ETF expert Eric Balchunas pointed out that on their initial day, these particular ETFs surpassed the launch performance of 500 other ETFs in 2023, attracting an impressive $1.8 billion in total volume, while the rest drew $450 million collectively. Additionally, the market has reacted favorably to the introduction of these spot ETFs. James Seyffart, an analyst at Bloomberg Intelligence, announced that within just three days of their introduction, the total trading volume of the brand-new spot Bitcoin ETF offerings reached $10 billion. Among the fresh batch of spot ETFs, BITB has distinguished itself by attaining the third-highest amount of assets under management. The ranking of Spot Bitcoin ETFs by assets under management (AUM), excluding GBTC, places BlackRock’s iShares Bitcoin Trust (IBIT) at the top, having amassed more than $1 billion, while Fidelity’s FBTC comes in at second with an AUM greater than $800 million.