The “iShares Bitcoin Trust (IBIT)” issued by BlackRock, the world’s largest asset management company, achieved a record of 70 consecutive days of net capital inflows on the 22nd.
(Prior summary:
Hong Kong Bitcoin and Ethereum Spot ETFs approved: 3 funds to be issued, listed as early as 4/25
)
(Background supplement:
$47 billion funds flowing into Bitcoin? Cetera Financial opens BlackRock IBIT and other spot ETFs to clients
)
After the U.S. Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs in January this year, it opened the door for many traditional institutions with hundreds of billions of dollars in assets to invest in Bitcoin in compliance.
Among them, the “iShares Bitcoin Trust (IBIT)” issued by BlackRock, the world’s largest asset management company, achieved a record of 70 consecutive days of net capital inflows on the 22nd.
IBIT has been net inflows for 70 consecutive days, entering the top ten in history
On the 22nd, Bloomberg ETF analyst Eric Balchunas released a chart on the X platform, stating that if BlackRock’s fund (IBIT) achieves 70 consecutive days of net inflows, it will become one of the most successful ETFs in history.
According to HODL15Capital data, BlackRock’s Bitcoin spot ETF had a total inflow of $20 million on the 22nd, and according to SosoValue data, the ETF had a net inflow of $19.65 million on the same day.
This also means that BlackRock’s Bitcoin spot ETF (IBIT) officially enters the top ten in the longest record of capital inflows, and is likely to continue to break this record.
Asset management scale exceeds $18.1 billion, about to surpass GBTC
It is understood that the assets managed by BlackRock’s Bitcoin spot ETF increased by more than $600 million yesterday, bringing its total assets under management to $18.16 billion. According to BlackRock, as of last Friday’s close, the ETF’s net assets were $17.55 billion.
In addition, according to The Block data, the largest Bitcoin spot ETF in terms of assets under management (AUM) is GBTC issued by asset management company Grayscale, followed by IBIT issued by BlackRock. It is worth mentioning that the difference in assets under management between the two is less than $2 billion.
Bitcoin Spot ETF AUM Source: The Block
On the other hand, according to Sosovalue data, the daily net capital inflow of GBTC has been negative since the Bitcoin spot ETF was officially approved. It is estimated that soon IBIT’s asset scale will surpass GBTC.
GBTC Daily Net Asset Inflows Source: sosovalue
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BlackRock Bitcoin Spot ETF “IBIT” Records 70 Consecutive Days of Net Inflows, Enters Top Ten Historical Rankings
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