The post BlackRock’s Bitcoin ETF Reaches $36 Billion in Record-Breaking Inflows appeared on BitcoinEthereumNews.com.

TLDR BlackRock’s IBIT Bitcoin ETF secured over $36.3 billion in net flows in 11 months, becoming the most successful ETF launch in a decade IBIT outperformed approximately 2,850 ETFs launched since 2014 The fund achieved a record single-day inflow of over $1.1 billion Total Bitcoin ETF assets under management reached $130 billion, surpassing gold ETFs Despite GBTC’s $21 billion outflows, spot Bitcoin ETFs secured over $36 billion in year-to-date flows BlackRock’s spot Bitcoin ETF (IBIT) has emerged as the most successful ETF launch of the past decade, gathering more than $36.3 billion in net flows since its inception. The fund, which began trading just 11 months ago, has surpassed approximately 2,850 other ETFs launched since 2014. According to data from Farside Investors, IBIT’s performance has exceeded all other US-traded spot Bitcoin ETFs. The fund’s success is particularly notable when compared to its closest competitor, Fidelity’s FBTC, which has accumulated $12.4 billion in inflows – less than half of IBIT’s total. The ETF achieved another milestone by recording the highest single-day inflow among Bitcoin ETFs, bringing in over $1.1 billion in just 24 hours. This amount is more than double the previous record of $473.4 million, set by Fidelity’s FBTC. On December 16, 2024, IBIT added another $418.8 million to its impressive track record of positive net flows. This consistent growth has helped establish the fund as a dominant force in the ETF market. The broader Bitcoin ETF market has shown remarkable strength, with total inflows exceeding $36 billion year-to-date. This achievement is particularly noteworthy considering it occurred despite Grayscale’s GBTC experiencing $21 billion in outflows following its conversion. With this inflow, I show IBIT is now the most successful ETF launch over past 10yrs… Out of approx 2,850 ETFs. In other words, IBIT has more *lifetime* inflows than any ETF…

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Filed under: News - @ December 18, 2024 2:27 pm