Bitcoin ETF

Bitcoin

BlackRock

<p>The approval of the Bitcoin ETF was an important milestone that gave the virtual asset a mainstream platform and reshaped the whole digital currency space. Out of all the ETFs that got trading approval, BlackRock has seen the <a href="https://coingape.com/underperforming-bitcoin-etfs-to-likely-improve-in-the-future/" target="_blank" rel="noopener noreferrer nofollow">highest</a> inflows so far. With stronger inflows than any other ETF, it has ranked fifth in the over ETF chart, giving a signal that more and more investors are hoping for the crypto bandwagon.</p>
<h2 id="blackrock-ranks-in-top-five-etfs">BlackRock ranks in top five ETFs</h2>
<p>Bloomberg analyst Eric Balchunas in an X post expressed his bullish remarks about BlackRock’s Bitcoin ETF. In the post Balchunas wrote that in terms of year-to-date flows, BlackRock’s IBIT is currently among the top five, meaning it has received more money than 99.98% of ETFs.</p>
<p>For a 17-day-old ETF, it seems to be a pretty good performance. However, for those other Bitcoin ETFs, that are a little underperforming, Balchunas had previously said that it might take a little while for them to pick pace, but they will see growth in the future.</p>
<h2 id="blackrock-and-fidelity-take-the-top-spot-among-bitcoin-etfs">BlackRock and Fidelity take the top spot among Bitcoin ETFs</h2>
<p>BlackRock’s IBIT <a rel="noopener noreferrer nofollow" href="https://alpha.sosovalue.xyz/?category=ETF" target="_blank">reportedly</a> attracted more investment in January than any of its competitors. Currently, it has seen total inflows stand at $3.19 billion. Second place on the list went to Fidelity’s FBTC, which has a net asset value of $2.66 billion. With $20.39 billion worth of BTC held, Grayscale’s ETF is currently the biggest. However, although nine new spot ETFs attracted a lot of investment in January, GBTC has seen outflows totaling around $6 billion.</p>
<h2 id="will-etfs-grow-even-further">Will ETFs grow even further?</h2>
<p>According to a recent <a href="https://coingape.com/spot-bitcoin-etf-surges-with-1-55b-inflows-since-debut/" target="_blank" rel="noopener noreferrer nofollow">report</a> by CoinGape, the spot Bitcoin ETF has experienced substantial growth since its inception in US markets, with a total inflow of $1.55 billion. The surge in capital shows how investors are becoming more and more interested in and accepting of digital currencies.</p>
<p>The ETFS had a fantastic first week following its January 11 launch, generating a net inflow of $1.06 billion. With over 100,000 BTC in assets under management (AUM)—which, when Grayscale’s Bitcoin Trust (GBTC) is taken out of the picture, is believed to be worth US$4 billion—the ETF got off to a great start that demonstrated its initial popularity. As of today, the market has priced in good near-term growth for Bitcoin ETFs.</p>
<p>The post <a href="https://coingape.com/blackrocks-bitcoin-etf-leads-charts-with-positive-inflows-supporting-growth/" rel="noopener noreferrer nofollow">BlackRock’s Bitcoin ETF Leads Charts With Positive Inflows Supporting Growth</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

BlackRock’s Bitcoin ETF Leads Charts With Positive Inflows Supporting Growth

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