LATEST: BlackRock’s Bitcoin ETF Exceeds $15 Billion Inflows Milestone

Just three months after its launch, BlackRock’s IBIT spot bitcoin exchange-traded fund (ETF) has become a phenomenal success, securing $15 billion in total inflows, a milestone that underscores the surging interest in cryptocurrency investments. The IBIT fund, which soared over 50% in value, not only doubled the performance of any other ETF in BlackRock’s extensive portfolio of 421 funds but also led the inflow charts yesterday with a whopping $192.1 million. This robust influx highlights the investor confidence in bitcoin, particularly as traditional funds like Grayscale’s GBTC saw significant outflows.

BlackRock’s strategic push in marketing their spot bitcoin ETFs is paying off handsomely as competition in the crypto space intensifies. With a sustained trading volume and assets under management nearing $20 billion, IBIT is setting a new standard in the ETF market. The success of IBIT, coupled with the overall asset growth in the nine new spot bitcoin ETFs to $37 billion, signals a strong market endorsement for bitcoin and its burgeoning role in investment portfolios.


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