Cryptocurrency Daily Thefoxposts.com

BlackRock’s (NYSE: BLK) Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has reached a significant milestone, surpassing the Grayscale Bitcoin Trust (GBTC) to become the world’s largest ETF, tracking Bitcoin (BTC). Launched in January 2024, IBIT has seen remarkable growth, highlighting the increasing interest in Bitcoin among institutional investors. By the end of trading on May 28, IBIT recorded inflows of $102.5 million, while GBTC experienced outflows of $105 million, according to Farside data. The third largest is the $11.1 billion offering from Fidelity Investments. Picks for you Brace for gains: Altcoins present a ‘once in a few years’ golden opportunity 1 hour ago 2 cryptocurrencies to reach $1 billion market cap in the first half ...

According to an Oct. 30 report from Coinshares, the leading European alternative asset manager, digital asset investment products saw inflows of US $326 million. Bitcoin made up 90 percent of these inflows at $296 million. Ongoing investor caution The report  goes on to highlight that month-to-date inflows for Bitcoin are now approaching half a billion dollars, in what is a positive trend in response to the SEC being close to approving a spot-based Bitcoin ETF in the country. Despite this being the largest inflow since July, the asset manager highlights it is actually only the 21st largest on record, indicating some investor caution, though the possibility of a spot-based ETF in the near future could mark a significant regulatory shift for the industry. You might also like: Crypto operator CoinShares launches U.S. hedge fund division Breaking it down by region, 12 percent of the flows , or $38 million, came from the US, while the largest inflows came from Canada, Germ...