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Black Rock spot bitcoin (Bitcoin) Exchange Traded Funds (ETF) He will go The ETF launch became the most successful in more than 10 years, following net inflows of $418.8 million recorded on December 16.
Nate Geraci, CEO of ETF Shop, Highlight That IBIT beat nearly 2,850 ETFs. He added:
“In other words, IBIT has more lifetime inflows than any ETF launched since 2014. And that happened in just over [11 months]”.
Since its launch, IBIT has amassed $36.3 billion in net positive inflows, surpassing the $36.2 billion in inflows received by U.S. Bitcoin ETFs, according to Farside Investors. Data.
This amount is nearly 3 times higher than the $12.4 billion inflows received by the second-largest Bitcoin spot investor, FBTChe manages it Sincerity.
Additionally, IBIT holds the record for the most significant daily inflow among Bitcoin ETFs, with over $1.1 billion taken in in a single day. This is more than two times higher than FBTC’s record single-day inflows of $473.4 million, the second-largest daily inflow by a spot Bitcoin ETF.
It is worth noting that spot Bitcoin ETFs have received more than $36 billion in inflows year-to-date. Grayscale GBTC $21 billion in outflows since its conversion.
ETFs in the spotlight
Cryptocurrency-related ETFs have been one of the main market topics this year. They provide US-based institutional investors with a regulated way to gain exposure to Bitcoin and Ethereum (Ethereum).
Analysts see cryptocurrency ETFs as one of the key drivers of Bitcoin’s stellar growth this year. Recently a reportBitfinex analysts noted that the adoption of ETFs is one of the main catalysts capable of changing Bitcoin’s patterns from previous cycles.
In addition, he is a senior analyst at Bloomberg ETFs Eric Balchunas Highlight How fast are bitcoin ETFs? Grow. Total assets under management through these U.S.-traded products, including futures and leveraged ETFs, reached $130 billion, surpassing gold ETFs’ $128 billion.
Even with only about $117 billion in assets under management from spot bitcoin ETFs, Balchunas said it was “unreal” how close they would be to gold ETFs in just 11 months after launch. Bitwise also considers ETFs one of the main catalysts for Huge growth in Ethereum During the next year.
