Bitcoin ETF inflows pick up again, with BlackRock leading the way

BlackRock’s spot bitcoin ETF saw its largest net inflow day on Tuesday more than a month after launching. 

The asset management giant’s iShares Bitcoin Trust (IBIT) brought in $493 million during the trading day, according to BitMEX Research. That broke the fund’s previous daily net inflow high mark of $386 million posted on Jan. 12, the fund’s second day on the market.  

With Tuesday’s inflows, IBIT hit nearly $5.2 billion in assets under management. 

Just 7% of all ETFs are as big as the BlackRock fund, according to Bloomberg Intelligence analyst Eric Balchunas.   

Grayscale Investments’ Bitcoin Trust ETF (GBTC) is the largest spot bitcoin ETF, with $22.8 billion….

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