Flow

2024

Bitcoin ETF

<p>The Bitcoin ETF takes off anew with BlackRock’s notable entry into the market, propelling assets under management to over 17 billion dollars.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Bitcoin ETF Flow – 26 March 2024<br><br>All data in. Strong day with $418m net inflow. <a href="https://t.co/P5vpYAL5Za" rel="noopener noreferrer nofollow">pic.twitter.com/P5vpYAL5Za</a></p>— BitMEX Research (@BitMEXResearch) <a href="https://twitter.com/BitMEXResearch/status/1772932061449392187?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 27, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<h2 id="h-the-craze-for-blackrock-s-bitcoin-etf-exceeds-expectations-says-larry-fink">“The craze for BlackRock’s Bitcoin ETF exceeds expectations,” says Larry Fink</h2>
<p>BlackRock’s CEO, Larry Fink, expressed his astonishment at the <a href="https://www.cointribune.com/en/etf-bitcoin-full-success-for-blackrock-billions-of-dollars-in-just-a-few-days/" target="_blank" rel="noopener noreferrer nofollow">extraordinary enthusiasm</a> for the iShares Bitcoin Trust (IBIT), which is BlackRock’s Bitcoin ETF.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>With <strong>flows exceeding 13.5 billion dollars in just 11 weeks</strong>, the IBIT has become the fastest-growing ETF in history.</p>
<p><em>“Nothing has gained in assets as quickly as the IBIT in the history of Bitcoin ETFs,”</em> remarks Fink during an interview with <a href="https://www.foxbusiness.com/video/6349827399112" target="_blank" rel="noopener noreferrer nofollow">Fox Business</a>. This spectacular performance has greatly exceeded BlackRock’s expectations, confirming the Bitcoin’s potential on the global financial market.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>The CEO also emphasized that the IBIT had <strong>reached the 17.1 billion dollars mark in Bitcoin</strong> in just two months. This significant milestone was achieved in a record time, even surpassing the first ETF on gold, which had taken two years to reach such a value.</p>
<p>According to Fink, this achievement is evidence of the growing confidence of institutional investors in <strong>Bitcoin as a viable asset class for the long term</strong>.</p>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<h2 id="h-challenges-and-perspectives-for-bitcoin-etf-issuers-in-a-competitive-market">Challenges and Perspectives for Bitcoin ETF Issuers in a Competitive Market</h2>
<p>Despite the resounding success of BlackRock’s Bitcoin ETF, challenges remain for ETF issuers in an expanding competitive market. According to Hector McNeil, co-CEO and founder of ETF provider HANetf:</p>
<blockquote class="wp-block-quote">
 <p><em>“Most Bitcoin ETFs currently being launched may never reach the break-even point. High costs and profitability pressures are major hurdles facing Bitcoin ETF issuers.”</em></p>
</blockquote>
<p>Despite these challenges, <strong>the entry of new players</strong> into the market indicates a rising interest in Bitcoin ETFs. This is especially true for Hashdex, which has recently received <a href="https://www.cointribune.com/en/bitcoin-the-sec-has-finally-approved-spot-etfs/" target="_blank" rel="noopener noreferrer nofollow">approval</a> for its spot ETF, becoming the 11th entrant in the competitive U.S. market.</p>
<p>The rise of BlackRock’s Bitcoin ETF marks a major step in the institutional adoption of cryptocurrency. Despite ongoing challenges, the market offers promising prospects for investors and continues to attract the attention of global financial players.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Acheter ses premières cryptomonnaies grâce à Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>

BlackRock’s $17 billion Bitcoin ETF: Larry Fink showcases his joy

Table of Contents

Cointribune EN

Other articles published on Mar 28, 2024

MATH (MATH) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Is It Too Late To Buy GALA As Gala Games Teams Up With Miracle Play To Advance eSports?

Veteran Bitcoin Whales' On-chain Antics Spark Intrigue - Who's Gaining?

Nvidia Addresses Critical Security Flaws in ChatRTX App

ARK 21Shares Bitcoin ETF Sees Surge in Capital Despite Bitcoin’s Price Hurdles

Unlock Monero Mining Secrets: Ultimate XMR Mining Guide for 2024

Join our free newsletter for daily crypto updates!