Ranked second among all registered funds in the United States! BlackRock Bitcoin ETF sees net inflows of over $15 billion this year

This site (120BTc.coM): The Bitcoin spot ETF "iSharesBitcoinTrust (IBIT)" issued by BlackRock, the world's largest asset management company, reached an agreement on April 22 The record of net capital inflows for 70 consecutive days has successfully squeezed into the top ten in the history of ETF continuous capital inflows.

BlackRock IBIT ended its 71-day consecutive record of net capital inflows

However, according to data released by Farside Investors, this consecutive record was finally broken on the 24th. The highest record was consecutive Net capital inflows remained for 71 days.

Among the 10 spot ETFs other than Grayscale GBTC that day, as many as 7 followed the footsteps of IBIT. Only Fidelity’s FBTC and ARK/21Shares’ Bitcoin ARKB showed US$5.6 million and 4.2 million respectively. The net inflow of US dollars and the outflow of GBTC exceeded US$130 million, causing the overall spot ETF to record a net outflow of more than US$120 million that day, setting the highest outflow record since April 17.

IBIT’s capital inflows so far this year rank second among all registered funds in the United States

However, although IBIT rarely experienced capital inflows for two consecutive days on Wednesday and Thursday. Bloomberg senior ETF analyst Eric Balchunas showed a chart on the 25th and said that BlackRock’s IBIT has still attracted more than $15 billion in accumulated funds.

At the same time, he also praised IBIT for attracting funds that ranked among the top two among all registered funds in the United States and performed astonishingly.

“Try to think about this: Of all 10,698 registered funds in the United States (including ETFs, mutual funds, closed-end funds, CEFs), $IBIT currently ranks second in year-to-date inflows. ”

Bloomberg: Demand for Bitcoin Spot ETFs Declines

It is worth noting that according to Bloomberg’s report yesterday, the overall U.S. Bitcoin spot ETFs experienced a net outflow of US$218 million on the 25th. , this is one of the most serious single-day capital outflows since the listing of spot ETFs. Among them, Fidelity FBTC outflow exceeded US$23 million, which was the first net outflow since its listing.

As inflation data remains stubborn in recent days, hopes of a rate cut by the Federal Reserve have been weakened, and U.S. Treasury yields have risen significantly recently, which seems to have led to a reduction in investors' preference for risky and volatile assets such as cryptocurrencies. .

Bitcoin fell below $63,000

The significant slowdown in Bitcoin ETF capital inflows this month has also weakened the momentum of the Bitcoin bull market. BTC once fell to $62,391 this morning and is currently trading at $62,895, down 2.7% in the past 24 hours and as high as 9.5% in the past 30 days.

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