Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-turn-to-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Turn to Bitcoin ETFs</a><br></p>
<p style="text-align: justify">Throughout 2023, <a href="https://en.bitcoinhaber.net/bitcoin-flirts-with-record-highs-as-bullish-signals-emerge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs have garnered significant investor interest following their approval on January 10, 2024. Leading the charge, BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have seen substantial inflows, making up a notable portion of the total ETF <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investments</a> this year.</p>
<h2 id="what-are-the-key-etf-inflows">What Are the Key ETF Inflows?</h2>
<p style="text-align: justify">Bloomberg ETF analyst Eric Balchunas highlighted that BlackRock and Fidelity’s Bitcoin ETFs contributed to 26% and 56% of the total inflows, respectively. Specifically, <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> from Farside Investor revealed that BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have accumulated $16.6 billion and $8.9 billion in inflows since January.</p>
<h2 id="how-do-other-giants-compare">How Do Other Giants Compare?</h2>
<p style="text-align: justify">In the broader landscape, Vanguard, which does not offer Bitcoin ETFs, achieved $102.8 billion in total ETF inflows in 2024, surpassing BlackRock’s $65.1 billion. BlackRock currently manages 429 ETFs totaling $2.8 trillion, while Fidelity oversees 70 ETFs valued at $74 billion in assets under management (AUM).</p>
<p style="text-align: justify">Meanwhile, Invesco reported $34.7 billion in ETF flows this year, with a minuscule 0.9% coming from Bitcoin ETFs, amounting to $317.3 million in the first five months alone.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">– BlackRock’s IBIT ETF overtook Grayscale Bitcoin Trust (GBTC) as the largest spot Bitcoin ETF globally on May 28.<br> – IBIT holds 291,567 BTC, valued at over $20 billion, while GBTC’s holdings have decreased to 285,139 BTC, worth $19.6 billion.<br> – Recent trends indicate Bitcoin ETF inflows and outflows have balanced, with some providers experiencing zero inflow-outflow periods.</p>
<p style="text-align: justify">The recent equilibrium in Bitcoin ETF flows suggests a steadying market. Grayscale’s average daily inflows remain at $141.7 million, primarily driven by BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares Bitcoin ETF (ARKB).</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-turn-to-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Turn to Bitcoin ETFs</a></h5>

Investors Turn to Bitcoin ETFs

Table of Contents

BH NEWS

Other articles published on Jun 4, 2024

Keith Gill may manipulate GameStop shares, says Morgan Stanley’s ETrade

PEPE Coin Gains Attention with Strong Community and Market Performance

Apu Apustaja Memecoin Launches High-Visibility Billboard Campaign in New York City (4 Jun)

Floki Price Prediction for June – Will the Rally Continue?

Watch Out: Ripple (XRP) CEO to Speak in Minutes – Very Important Topics, Big Announcement Coming?

If you bought SHIB with your $1,200 stimulus check in 2020 you’d now have this much

Join our free newsletter for daily crypto updates!