🚀 BlackRock IBIT Records $4.2B Bitcoin ETF Inflows
The latest wave of U.S. spot Bitcoin ETF investments reached a staggering $4.26 billion over the past 10 days, with BlackRock's IBIT capturing the majority of these inflows. On May 28, Bitcoin ETFs saw $432.7 million in inflows, primarily due to IBIT's $481 million, while other funds faced outflows. Since its launch, IBIT alone has gathered $49 billion, overshadowing competitors, despite Grayscale's net outflows. Notably, IBIT has maintained continuous positive inflows for 33 days, totaling $9.31 billion, and now manages assets worth $72 billion. This impressive growth places IBIT among the top ETFs by inflows this year. Meanwhile, U.S. spot Ethereum ETFs have also seen positive trends, with cumulative inflows nearing $2.9 billion after an eight-day streak.
FAQ
❓ What makes BlackRock's IBIT stand out in the ETF market?
BlackRock's IBIT is notable for its impressive inflows, securing a large market share and becoming one of the top-performing ETFs within a short period.
❓ How have Ethereum ETFs performed recently?
Ethereum ETFs have experienced a positive run, with net inflows totaling $394.1 million over the last eight days, accumulating to $2.9 billion overall.
❓ Why is trading volume important for ETFs?
High trading volume indicates strong investor interest and market activity, often leading to better liquidity and pricing for ETF shares.