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BlackRock’s IBIT spot bitcoin exchange-traded fund (ETF) achieved a record daily inflow of $788.3 million on Tuesday as Bitcoin soared to a new all-time high above $69,000. This surge marked a 30% increase from IBIT’s previous record, surpassing the total net inflows of all U.S. spot bitcoin ETFs combined on Monday. Despite significant outflows from Grayscale’s GBTC fund, reaching $9.6 billion, net inflows for spot bitcoin ETFs totaled $648.4 million on Tuesday, the third-largest since their launch.
Fidelity’s FBTC and Ark Invest 21 Shares also experienced notable inflows, contributing to the overall growth of U.S. spot bitcoin ETF assets under management, now exceeding $50 billion. IBIT leads with nearly 174,000 BTC in assets, highlighting its dominance in the cryptocurrency investment landscape. In contrast, Grayscale’s GBTC fund has seen a 30% decline in assets since the inception of spot bitcoin ETFs, signaling changing dynamics within the cryptocurrency market.
Additionally, spot bitcoin ETF daily trading volumes hit a record of nearly $10 billion on Tuesday, led by BlackRock’s IBIT, which registered a record $3.76 billion in trading volume. Cumulative trading volume for all spot bitcoin ETFs is now nearing $90 billion, reflecting the significant adoption and activity within the cryptocurrency ETF market.
