LATEST: BlackRock’s Bitcoin ETF Joins Top 10 ETFs with Record 70-Day Inflow Streak

BlackRock’s spot bitcoin ETF has achieved a significant milestone by securing a spot among the top 10 exchange-traded funds (ETFs) with the longest daily inflows, marking 70 consecutive days of gains. This places the ETF, identified by the ticker IBIT, alongside JETS—a fund focused on the airline industry—which previously held the tenth position alone, as noted by Bloomberg senior ETF analyst Eric Balchunas. His recent post on social media platform X highlighted that IBIT’s streak of inflows not only ties it with JETS but also underscores its positioning among the most successful ETFs in the market’s history.

On Monday, the IBIT recorded a net inflow of $20 million according to data from HODL15Capital, with a similar figure from SosoValue, demonstrating sustained investor interest. Additionally, BlackRock reported that the IBIT added over $600 million in assets under management (AUM) on the same day, boosting its total AUM to $18.16 billion, up from $17.55 billion at the close of the previous week. This growth is indicative of the strong market trust in BlackRock’s ability to manage digital asset investments effectively, particularly in a dynamic cryptocurrency landscape.

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