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BlackRock’s IBIT Bitcoin ETF Crushes All Competitors In Daily U.S. Fund Inflows


by Izabela Anna
for CoinEdition

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BlackRock IBIT Bitcoin ETF Leads US Market With Record Single-Day Inflows Outpacing VOO Per Eric Balchunas.
  • IBIT leads all U.S. ETFs in daily inflows, fueled by Bitcoin’s record surge
  • Monthly ETF flows show strong appetite for crypto and long-duration bonds
  • GLD outflows hint at shifting sentiment from gold to risk-on crypto exposure

In a remarkable display of investor appetite, BlackRock’s iShares Bitcoin Trust (IBIT) surged to the top of ETF inflows across the entire U.S. market on a single-day basis. This rare feat, as highlighted by Bloomberg Senior ETF Analyst Eric Balchunas, marks the first time IBIT has outpaced every other ETF in daily net flows including the ever-dominant VOO, which took an unusual backseat.

IBIT’s one-day inflow of $877.18 million underscores the intensified investor frenzy following Bitcoin’s recent push to all-time highs, propelling the total net flows into U.S. spot Bitcoin ETFs to an impressive $44.5 billion since inception.

The post BlackRock’s IBIT Bitcoin ETF Crushes All Competitors In Daily U.S. Fund Inflows appeared first on Coin Edition.

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$ 87.13K

+0.65%

$ 0.00...361

$ 0.00164

$ 0.000399

$ 0.000603


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BlackRock’s IBIT Bitcoin ETF Crushes All Competitors In Daily U.S. Fund Inflows


by Izabela Anna
for CoinEdition

Share:

BlackRock IBIT Bitcoin ETF Leads US Market With Record Single-Day Inflows Outpacing VOO Per Eric Balchunas.
  • IBIT leads all U.S. ETFs in daily inflows, fueled by Bitcoin’s record surge
  • Monthly ETF flows show strong appetite for crypto and long-duration bonds
  • GLD outflows hint at shifting sentiment from gold to risk-on crypto exposure

In a remarkable display of investor appetite, BlackRock’s iShares Bitcoin Trust (IBIT) surged to the top of ETF inflows across the entire U.S. market on a single-day basis. This rare feat, as highlighted by Bloomberg Senior ETF Analyst Eric Balchunas, marks the first time IBIT has outpaced every other ETF in daily net flows including the ever-dominant VOO, which took an unusual backseat.

IBIT’s one-day inflow of $877.18 million underscores the intensified investor frenzy following Bitcoin’s recent push to all-time highs, propelling the total net flows into U.S. spot Bitcoin ETFs to an impressive $44.5 billion since inception.

The post BlackRock’s IBIT Bitcoin ETF Crushes All Competitors In Daily U.S. Fund Inflows appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 87.13K

+0.65%

$ 0.00...361

$ 0.00164

$ 0.000399

$ 0.000603


Share:

In This News

Coins

$ 87.13K

+0.65%

$ 0.00...361

$ 0.00164

$ 0.000399

$ 0.000603


Share:

Read More

Bitcoin earns base case target of $143,000 at Citigroup

Bitcoin earns base case target of $143,000 at Citigroup

The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows a...
Can bitcoin break the curse U.S. trading hour selloffs?

Can bitcoin break the curse U.S. trading hour selloffs?

Bitcoin bulls are putting up a fight on Friday to break this week's choppy action tha...