On Monday, April 22nd, BlackRock’s IBIT Bitcoin ETF saw another $19.4 million poured in, marking its 70th consecutive day with inflows since its debut. This impressive run places IBIT among the top ten ETFs with the longest streak of daily investments.
BlackRock Bitcoin ETF IBIT Shines
To date, BlackRock’s IBIT Bitcoin ETF holds over $15.4 billion in Bitcoins based on current pricing. Simultaneously, BlackRock has seen consistent investments, while Grayscale’s Bitcoin ETF has experienced outflows. As a result, IBIT is quickly catching up to Grayscale and may soon lead as the biggest Bitcoin investment fund in the market.
This morning, Eric Balchunas, a senior ETF analyst at Bloomberg, posted a chart about X, bringing attention to BlackRock’s IBIT fund. Should IBIT continue its run of 70 straight days with net inflows, it will join an elite group of historically successful exchange-traded funds.
“IBIT has seen inflows for 69 straight days now, just one day away from joining the top 10 and matching the JETS ETF’s streak. According to Balchunas’ data, the JETS fund, which invests in airline industry shares, has had 70 consecutive days of inflows as well, previously holding the tenth spot for this achievement.”
Based on Bloomberg’s analysis report, JPMorgan’s Equity Premium Income ETF (JEPI) has an uninterrupted run of 160 days with new investments each day.
Snapshot of Inflows
On April 22nd yesterday, the Bitcoin spot ETF market underwent substantial changes. A total of $62.0899 million flowed in as net inflows. However, Grayscale GBTC recorded a sizable outflow of $34.993 million in a single day. In contrast, Fidelity ETF FBTC experienced a one-day net inflow of approximately $34.8334 million.
Over the last three meetings, Fidelity’s FBTC Bitcoin ETF has surpassed BlackRock’s IBIT in terms of daily investments. The total historical net investment in Bitcoin spot ETFs now amounts to a remarkable $12.384 billion. Bitwise’s CEO has mentioned that wealth management firms are expected to boost their involvement in Bitcoin ETFs even more.
Read More
- BCH PREDICTION. BCH cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- ZKJ PREDICTION. ZKJ cryptocurrency
- METIS PREDICTION. METIS cryptocurrency
- USD MYR PREDICTION
- PSTAKE PREDICTION. PSTAKE cryptocurrency
2024-04-23 08:53