Bitcoin ETF

Bitcoin

April

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 <p class="paragraph">BlackRock’s Bitcoin ETF, IBIT, has achieved a significant milestone since its launch in January 2024, securing a spot among the top ten ETFs with the longest streaks of daily investment inflows.</p>
 <p class="paragraph">As of April 23, IBIT has seen a consecutive 70 days of <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a>s, highlighted by a <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a> $37.9233 million net <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> on the first trading day post-Bitcoin’s fourth halving event. This influx has boosted the total historical net <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> of IBIT to a substantial $15.479 billion, according to data from SoSoValue.</p>
 <h2 class="wp-block-heading" id="h-blackrock-dominates-with-steady-inflows">BlackRock dominates with steady inflows</h2>
 <p class="paragraph">BlackRock’s (NYSE: BLK) preeminence in the investment sector is evident, managing over $10 trillion in assets. The consistent inflow into IBIT underscores the growing interest in cryptocurrencies as a legitimate investment avenue.</p>
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 <p class="paragraph">This trend is indicative of a broader acceptance and trust in digital currencies, facilitated through well-established financial instruments such as ETFs. Currently, the fund’s assets under management (AUM) have surged to $18.15 billion.</p>
 <p class="paragraph"><em>Eric Balchunas</em>, a senior ETF analyst at <em>Bloomberg</em>, had highlighted the possible milestone on X (formerly Twitter).</p>
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    <p lang="en" dir="ltr">$IBIT inflow streak currently at 69 DAYS. one more day and it moves into Top 10 and ties $JETS (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious, show financial gods have sense of humor via @thetrinianalyst pic.twitter.com/niDzfaKqgp</p>— Eric Balchunas (@EricBalchunas) April 22, 2024
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 <p class="paragraph">In a post on April 24, he highlighted that IBIT’s <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> streak had extended to 71 days, officially placing it among the top ten all-time, surpassing other major funds like JETS, BND, and VEA.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$IBIT inflow streak now 71 days which has it officially in the Top 10 all time after passing the ETF One Hit Wonder $JETS (remember JETSanity?). Also passed $BND and $VEA which are cash vacuum cleaners. Lot of mountain still left to climb tho. h/t @thetrinianalyst pic.twitter.com/NpZzgQe4v3</p>— Eric Balchunas (@EricBalchunas) April 24, 2024
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 <p class="paragraph">Despite these achievements, IBIT still trails behind JPMorgan’s Equity Premium Income ETF (NYSE: JEPI), which holds the <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a> with a 160-day streak of <a rel="noopener noreferrer nofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a>s.</p>
 <p class="paragraph">BlackRock’s extensive network within the financial industry has proven to be a significant advantage, attracting major Wall Street banks as authorized participants. These include Citigroup, Goldman Sachs, UBS, and Citadel Securities.</p>
 <p class="paragraph">According to <em>Heyapollo</em> data, the aggregate BTC holdings of the ETFs currently stand at 839,036 BTC. IBIT specifically holds 274,469 BTC.</p>
 <p class="paragraph">BlackRock’s Bitcoin ETF, IBIT, has not only clinched a top spot among U.S. ETFs but also cemented the role of digital assets within mainstream investment portfolios.</p>
 <p class="paragraph">Its ongoing success illustrates the changing dynamics of investment choices and the increasing integration of cryptocurrencies into the financial world.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/blackrock-s-bitcoin-etf-achieves-record-inflows-ranks-in-u-s-top-10-etfs-tbt86386.html">https://thebittimes.com/blackrock-s-bitcoin-etf-achieves-record-inflows-ranks-in-u-s-top-10-etfs-tbt86386.html</a></p>

BlackRock’s Bitcoin ETF achieves record inflows, ranks in U.S. top 10 ETFs

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