Bitcoin ETF

Billion

BlackRock

BlackRock’s IBIT spot Bitcoin exchange-traded fund (ETF) exceeds $15 billion in total inflows within just three months of its trading debut. This landmark achievement positions IBIT among the top 100 ETFs worldwide by assets under management.
Bloomberg ETF analyst Eric Balchunas noted IBIT’s remarkable performance, highlighting its 50% surge and its ability to attract double the inflows of any other BlackRock ETF.
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 <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">$IBIT</a> is up over 50% and has taken in $15b in new cash in three months, both of those numbers are double any other BlackRock ETF and they have 421 of them. That is about as hot as the iron gets holmes. <a href="https://t.co/lY8jE6Yvl6" target="_blank" data-wpel-link="external" rel="noopener noreferrer nofollow">https://t.co/lY8jE6Yvl6</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1778464583818039464?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">April 11, 2024</a>
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Market Insights and Competition
The dominance of IBIT inflows for U.S. spot Bitcoin ETFs underscores its market superiority. Despite competition, including Grayscale’s GBTC fund, IBIT continues to lead with notable daily inflows. Additionally, Bitwise’s BITB, Valkyrie’s BRRR, and Fidelity’s FBTC witnessed substantial inflows, contributing to the overall <a href="https://x.com/NateGeraci/status/1778582161639018744" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">growth</a> of the spot Bitcoin ETF market.
This milestone for BlackRock’s IBIT ETF comes amidst heightened marketing efforts and increased competition within the cryptocurrency investment space. As the ETF landscape evolves, IBIT’s success highlights its rapid ascent and growing influence in the digital asset market.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also read:<a href="https://www.cryptotimes.io/2024/04/09/blackrock-bitcoin-etf-took-seven-years-of-planning/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal"> BlackRock Bitcoin ETF Took Seven Years of Planning</a>
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BlackRock’s IBIT Bitcoin ETF Hits $15 Billion in Inflows

The Crypto Times

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