Source

Bitcoin ETF

Bitcoin

Spot

BlackRock

<p>Since launching, the <a href="https://bitcoinist.com/grayscale-crypto-sentiment/">Spot Bitcoin ETFs</a> have achieved immense success with mass adoption, which they have enjoyed among <a href="https://www.newsbtc.com/news/bitcoin/institutional-buyers-of-bitcoin/" rel="nofollow noopener" target="_blank">institutional investors</a>. Thanks to this, inflows into these funds have accounted for most of the inflows that their respective issuers have recorded since the year began.&nbsp;</p> 
<h2 id="spot-bitcoin-etfs-a-major-source-of-inflows-for-fund-issuers">Spot Bitcoin ETFs A Major Source Of Inflows For Fund Issuers</h2> 
<p>Bloomberg analyst Eric Balchunas revealed in an X (formerly Twitter) <a href="https://x.com/EricBalchunas/status/1797647979232567805" rel="nofollow" target="_blank">post</a> BlackRock’s <a href="https://bitcoinist.com/bitcoin-tidal-wave-blackrock-etf-leads-inflows/">iShares Bitcoin Trust (IBIT)</a> has accounted for 26% of the flows that the asset manager has seen this year across all its listed exchange-traded funds (ETFs). For context, BlackRock <a href="https://stockanalysis.com/etf/provider/blackrock/" rel="nofollow noopener" target="_blank">currently</a> has 433 listed funds on the market.&nbsp;&nbsp;</p> 
<p>Balchunas also revealed that the <a href="https://bitcoinist.com/fidelity-gbtc-spot-bitcoin-etfs/">Fidelity Wise Origin Bitcoin Fund (FBTC)</a> has accounted for 56% of Fidelity’s flows this year. Interestingly, IBIT and FBTC have been the most successful Spot BTC ETFs, <a href="https://farside.co.uk/?p=997" rel="nofollow noopener" target="_blank">recording</a> total inflows of $16.6 billion and $8.9 billion since they launched.&nbsp;</p> 
<p>BlackRock’s IBIT also <a href="https://www.newsbtc.com/news/bitcoin/blackrock-largest-bitcoin-fund/#:~:text=In%2024%20Hours-,BlackRock%20Overtakes%20Grayscale%20To%20Become%20The%20Largest%20Bitcoin%20Fund,World%20With%20%2420%20Billion%20AUM&amp;text=American%20multinational%20investment%20company%20BlackRock,%2420%20billion%20in%20total%20assets." rel="nofollow noopener" target="_blank">recently surpassed</a> Grayscale’s Bitcoin Trust (GBTC) to become the largest Spot Bitcoin ETF. Grayscale’s GBTC had initially operated as a close-end fund before converting to a Spot ETF, which was why it was the largest Bitcoin ETF when these funds launched.</p> 
<p>However, Grasyacle’s GBTC has since experienced significant outflows, allowing BlackRock to overtake it as the largest Bitcoin ETF. <a href="https://platform.arkhamintelligence.com/explorer/entity/fidelity-custody" rel="nofollow noopener" target="_blank">Data</a> from the on-chain analytics platform Arkham Intelligence shows that Grayscale’s GBTC currently holds 287 BTC while BlackRock currently holds almost 290 BTC.&nbsp;</p> 
<p>However, despite the impressive success that BlackRock and Fidelity have achieved, these asset managers haven’t recorded the most inflows since the start of this year. Balchunas shared a chart that showed that Vanguard, which doesn’t offer any Bitcoin ETF, was leading all ETF issuers in year-to-date (YTD) flows with an inflow of $102.8 billion.&nbsp;</p> 
<p><a href="https://bitcoinist.com/blackrock-seeded-bitcoin-spot-etf/">BlackRock</a> is currently ranked second with YTD flows of $65.1 flows of $65.1 billion. <a href="https://bitcoinist.com/invescos-proposal-ethereum-spot-etf-delayed/">Invesco</a>, another Spot BTC ETF issuer, is ranked third with a YTD flow of $34.7. However, Invesco’s Spot Bitcoin ETF has only accounted for 0.95 of these flows, having recorded $317.3 million in total net inflows since the year began.&nbsp;</p> 
<h2 id="big-things-still-to-come-for-spot-etf-issuers">Big Things Still To Come For Spot ETF Issuers</h2> 
<p>With the <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/">bull market</a> yet to kickstart in full force, these <a href="https://bitcoinist.com/bitcoin-etf-issuers-5-btc-supply/">Spot Bitcoin ETF issuers</a> are expected to record higher net inflows as this market cycle progresses. This means that <a href="https://bitcoinist.com/blackrock-seeded-bitcoin-spot-etf/">BlackRock</a> and Invesco could still give Vanguard a run and possibly surpass the asset manager.&nbsp;</p> 
<p>Moreover, these Spot Bitcoin ETF issuers are again seeing increased demand for their funds after recording a lengthy period of significant outflows in April. Specifically, BlackRock has continued to enjoy an impressive run, with the asset manager recording a <a href="https://bitcoinist.com/bitcoin-tidal-wave-blackrock-etf-leads-inflows/#:~:text=IBIT's%20impressive%20inflows%20have%20translated,the%20world's%20largest%20Bitcoin%20fund.">net inflows</a> of $169.1 million on May 31.&nbsp;</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/uTlAqoHn/" alt="Bitcoin price chart from Tradingview.com" width="3286" height="1576">

Bitcoin Spot ETFs Now A Major Source Of Inflow For Fund Managers – Here Are The Figures

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