Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p><a href="https://www.cryptopolitan.com/blackrock-bitcoin-etf-surpasses-1-billion/" rel="noopener noreferrer nofollow">BlackRock’s</a> recently launched spot Bitcoin exchange-traded fund (ETF) has rapidly amassed over $10 billion in assets under management (AUM), a significant milestone in the cryptocurrency investment landscape.</p>
<p>&nbsp;Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, confirms this achievement, highlighting the iShares Bitcoin Trust (IBIT) as one of the select few ETFs out of thousands to surpass the $10 billion mark.</p>
<h2 class="wp-block-heading" id="blackrock-s-bitcoin-etf-hits-10-billion-milestone">BlackRock’s Bitcoin ETF hits $10 billion milestone</h2>
<p>Crossing the $10 billion threshold is a testament to the widespread interest and confidence in BlackRock’s Bitcoin ETF.</p>
<p>&nbsp;Balchunas <a href="https://twitter.com/EricBalchunas/status/1763549164812509312" rel="noopener noreferrer nofollow" target="_blank">explains</a> that while attaining the initial $10 billion in AUM is challenging for ETFs, subsequent growth becomes more feasible as market appreciation plays a significant role.&nbsp;</p>
<p>The swift accumulation of assets underscores the strong demand for Bitcoin exposure within traditional investment portfolios.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$IBIT</a> the newest member of the $10 Billion Club, fastest ever to get there.. Only 152 ETFs in this club (out of 3,400) incl <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$GBTC</a>. First $10b so touch bc so much has to come from flows (in <a href="https://twitter.com/search?q=%24IBITs&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$IBITs</a> case 78% of aum is flows). Second $10b easier bc mkt appreciation bigger variable <a href="https://t.co/FwysL4GSGk" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/FwysL4GSGk</a></p>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1763549164812509312?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">March 1, 2024</a>
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<h2 class="wp-block-heading" id="positive-flows-and-market-dynamics">Positive flows and market dynamics</h2>
<p>Notable activity within the Bitcoin ETF market, with $92 million of positive flows recorded across the newly approved spot Bitcoin ETFs, according to data from BitMEX Research.</p>
<p>&nbsp;Notably, IBIT alone attracted nearly $604 million in positive flows. However, these gains were offset to some extent by Grayscale’s GBTC, which experienced approximately $599 million in negative flows.</p>
<h2 class="wp-block-heading" id="market-competition-and-product-evolution">Market competition and product evolution</h2>
<p>Among the ten recently approved Bitcoin <a href="https://www.cryptopolitan.com/bitwises-bold-prediction-for-bitcoin-etfs/" rel="noopener noreferrer nofollow">ETFs</a>, Grayscale’s offering stands out as a unique case. Unlike the other newly introduced ETFs, Grayscale Bitcoin Trust (GBTC) was not created as a new product but rather transformed into an exchange-traded fund. This move followed</p>

Bitcoin ETF market booms BlackRock leads with $10B AUM

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