Bitcoin

<ul><li>BlackRock iShares Bitcoin Trust (IBIT) saw its first day of $0 inflows since Bitcoin ETFs were launched.</li><li>IBIT&#39;s lack of inflows is the first for other ETF participants, like Fidelity&#39;s FBTC, which experienced three days of $0 inflows in the last two weeks.</li><li>Since its inception, IBIT has continually attracted multimillion-dollar contributions, totaling approximately $15.5 billion in just 71 days.</li></ul>BlackRock iShares Bitcoin Trust (IBIT) has seen its first day of $0 inflows since Bitcoin ETFs were established in the United States in January. Since its inception, <a href="https://cryptotale.org/blackrocks-ibit-leads-record-breaking-day-for-bitcoin-etfs-amid-price-surge/" rel="noopener noreferrer nofollow">IBIT</a> has continually attracted multimillion-dollar contributions, totaling approximately $15.5 billion in just 71 days.According to <a href="https://farside.co.uk/?p&#61;997" rel="noopener noreferrer nofollow">Farside statistics</a>, BlackRock&#39;s Bitcoin ETF inflow run ended on April 24 when IBIT registered no inflows.BlackRock will waive a part of the <a href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust" rel="noopener noreferrer nofollow">Sponsor&#39;s Fee</a> for the first 12 months beginning January 11, 2024, equivalent to 0.12% of the Trust&#39;s net asset value for the first $5.0 billion in assets. If the fund hits $5.0 billion before the 12-month mark, the charge will be 0.25%. All investors will be charged the same Sponsor&#39;s Fee, a weighted average of those fee rates.Other Bitcoin <a href="https://cryptotale.org/etf-inflows-soar-amid-market-optimism-with-blackrock-and-bitwise-setting-new-records/" rel="noopener noreferrer nofollow">ETF</a>s also experienced a slowdown. Out of the 11 Bitcoin ETFs in the US, only Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) saw inflows of $5.6 million and $4.2 million, respectively.<a href="https://cryptotale.org/bitcoin-etfs-make-history-blackrocks-ishares-sees-0-inflows/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin ETFs Make History: BlackRock's iShares Sees $0 Inflows

CryptoTale

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