The post BlackRock’s Bitcoin ETF Surpasses $19.5 Billion in Total Inflows appeared on BitcoinEthereumNews.com.

TLDR BlackRock’s Bitcoin ETF (IBIT) saw $500 million in inflows on July 22, 2024. IBIT’s total inflows since launch have crossed $19.5 billion. The ETF now holds over 325,000 BTC worth $22.5 billion. IBIT’s share price has increased 20% in the past two weeks. BlackRock is launching a spot Ethereum ETF with a 0.25% management fee. BlackRock’s Bitcoin ETF, known as iShares Bitcoin Trust (NASDAQ: IBIT), continues to make waves in the cryptocurrency investment world. On Monday, July 22, 2024, IBIT recorded another significant milestone with over $500 million worth of inflows in a single day. This latest surge brings the total inflows for the fund to an impressive $19.5 billion since its launch in January 2024. The success of IBIT highlights the growing interest in Bitcoin from both institutional and retail investors. In just the last 12 trading sessions, the fund has attracted nearly $2 billion in inflows, showcasing the strong demand for Bitcoin exposure through traditional investment vehicles. IBIT’s performance has been particularly noteworthy in terms of its holdings and market share. The fund currently holds more than 325,000 Bitcoin, valued at approximately $22.5 billion. Bitcoin ETF Flow (US$ million) – 2024-07-22 TOTAL NET FLOW: 533.6(Provisional data) IBIT: 526.7FBTC: 23.7BITB: ARKB: 0BTCO: 13.7EZBC: 7.9BRRR: 0HODL: -38.4BTCW: 0GBTC: 0DEFI: 0 For all the data & disclaimers visit:https://t.co/4ISlrCgZdk — Farside Investors (@FarsideUK) July 23, 2024 This makes IBIT the largest Bitcoin ETF in the United States by assets under management (AUM). For comparison, the second-largest fund, Fidelity’s FBTC, has an AUM of $12.19 billion. The strong inflows have had a positive impact on IBIT’s share price. Over the past two weeks, the ETF’s shares have surged by 20%. Since its launch in January, IBIT’s share price has increased by more than 46%, reflecting the growing value of Bitcoin and investor…

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Filed under: News - @ July 23, 2024 2:22 pm