BlackRock’s Bitcoin ETF achieves record inflows, ranks in U.S. top 10 ETFs

BlackRock’s Bitcoin ETF, IBIT, has achieved a significant milestone since its launch in January 2024, securing a spot among the top ten ETFs with the longest streaks of daily investment inflows.

As of April 23, IBIT has seen a consecutive 70 days of inflows, highlighted by a record $37.9233 million net inflow on the first trading day post-Bitcoin’s fourth halving event. This influx has boosted the total historical net inflow of IBIT to a substantial $15.479 billion, according to data from SoSoValue.

BlackRock dominates with steady inflows

BlackRock’s (NYSE: BLK) preeminence in the investment sector is evident, managing over $10 trillion in assets. The consistent inflow into IBIT underscores the growing interest in cryptocurrencies as a legitimate investment avenue.

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This trend is indicative of a broader acceptance and trust in digital currencies, facilitated through well-established financial instruments such as ETFs. Currently, the fund’s assets under management (AUM) have surged to $18.15 billion.

Eric Balchunas, a senior ETF analyst at Bloomberg, had highlighted the possible milestone on X (formerly Twitter).

In a post on April 24, he highlighted that IBIT’s inflow streak had extended to 71 days, officially placing it among the top ten all-time, surpassing other major funds like JETS, BND, and VEA.

Despite these achievements, IBIT still trails behind JPMorgan’s Equity Premium Income ETF (NYSE: JEPI), which holds the record with a 160-day streak of inflows.

BlackRock’s extensive network within the financial industry has proven to be a significant advantage, attracting major Wall Street banks as authorized participants. These include Citigroup, Goldman Sachs, UBS, and Citadel Securities.

According to Heyapollo data, the aggregate BTC holdings of the ETFs currently stand at 839,036 BTC. IBIT specifically holds 274,469 BTC.

BlackRock’s Bitcoin ETF, IBIT, has not only clinched a top spot among U.S. ETFs but also cemented the role of digital assets within mainstream investment portfolios.

Its ongoing success illustrates the changing dynamics of investment choices and the increasing integration of cryptocurrencies into the financial world.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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