BlackRock IBIT ETF Nears $15 Billion Milestone with $308 Million Inflow
Bitcoin ETFs continue to attract investor interest, with Farside data showing a $203.0 million net inflow on April 5th, marking the fourth consecutive day of positive flows. This trend signals increasing confidence and i...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin ETFs continue to attract investor interest, with Farside data showing a $203.0 million net inflow on April 5th, marking the fourth consecutive day of positive flows. This trend signals increasing confidence and interest in the digital asset space.
Among the ETF providers, BlackRock’s IBIT stands out, recording a significant net inflow of $308.8 million, bringing its cumulative total net inflow close to $15 billion at $14,769.1 billion. This marks the largest net inflow day for IBIT since March 27th, highlighting the growing prominence of the fund in the market.
Fidelity’s FBTC also saw healthy inflows, with a $83.0 million net influx, contributing to its total net inflow reaching $7,957.6 billion. In contrast, Grayscale’s GBTC experienced significant outflows of $198.9 million, the largest since April 1st, bringing its total outflow to $15,505.3 billion, according to Farside.
Data from Heyappolo indicates that GBTC currently holds 323,000 Bitcoin, while IBIT and FBTC have accumulated 264,000 Bitcoin and 151,000 Bitcoin, respectively. Interestingly, the nine new BTC ETFs, excluding GBTC, have collectively amassed 519,000 Bitcoin.
Featured Image: Megapixl
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Bitcoin drops to $84k sees $143 million in liquidations as ETF inflows turn positive
Bitcoin’s October 7 morning market readings showed roughly $143 million in Bitcoin futures positions liquidated over the preceding...
XRP ETFs now hold $1.7 billion but took in just $4M last week
XRP traded around $1.43 on Oct. 7, down 5.46% over 24 hours. Five tracked US spot XRP ETFs held an estimated $1.7 billion at the p...
Blackrock Pulls $122M Into Bitcoin ETFs as Ether Loses $202M
U.S. bitcoin ETFs returned to positive territory Tuesday with $118.86 million in net inflows, led almost entirely by Blackrock’s I...
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...
Bitcoin ETFs rebound with $119M inflow as Ether extends losses
Bitcoin ETFs returned to net inflows with $119 million on Tuesday despite falling prices, while Ether funds reached a six-session...