The post Bitcoin ETFs Are Booming as BlackRock Shatters Records appeared on BitcoinEthereumNews.com.

In case it wasn’t already obvious, Bitcoin exchange traded-funds (ETFs) are hot—with demand for the products smashing all expectations.  Data from Bloomberg shows that of the 575 ETFs launched this year, 14 of the top 30 products have been either new Bitcoin or Ethereum funds, with the top four spots owned by Bitcoin funds. And in the past four years, of the 1,800 ETFs that started trading during that span, BlackRock’s iShares Bitcoin Trust is the biggest by far in terms of inflows, the data shows.  575 ETFs have now launched in 2024… *14 of top 30* by inflows are either spot btc or eth ETFs. Includes 6 of top 10. There are also 2 MSTR-related ETFs in top 30. Crypto appetite from tradfi is real. pic.twitter.com/DmD6f5zJ1P — Nate Geraci (@NateGeraci) October 23, 2024 ETFs are popular investment vehicles that trade on stock exchanges. They allow investors to buy and sell shares that track the price of anything from the S&P 500 and gold to Bitcoin and real estate firms.  In January, the Securities and Exchange Commission (SEC) approved the Bitcoin products, allowing 10 such funds to start trading on American stock exchanges after a decade of denials.  The investment vehicles have been widely popular, attracting billions of dollars in months in flows. Last week, they collectively crossed the $20 billion mark—smashing expectations by taking just 10 months to do what gold ETFs did over five years. The reason for the fast money, according to Bloomberg Intelligence ETF research analyst James Seyffart, is partly down to investors who had wanted to invest in Bitcoin for some time, but didn’t have a safe or easy way before the approval of the ETFs. Now that the ETFs are trading, that demand is rapidly entering the market.  “I think it was partly pent-up…

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Filed under: News - @ October 27, 2024 9:15 pm