Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-turn-to-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Turn to Bitcoin ETFs</a><br></p>
<p style="text-align: justify">Throughout 2023, <a href="https://en.bitcoinhaber.net/bitcoin-flirts-with-record-highs-as-bullish-signals-emerge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs have garnered significant investor interest following their approval on January 10, 2024. Leading the charge, BlackRock and Fidelity’s spot Bitcoin exchange-traded funds (ETFs) have seen substantial inflows, making up a notable portion of the total ETF <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investments</a> this year.</p>
<h2 id="what-are-the-key-etf-inflows">What Are the Key ETF Inflows?</h2>
<p style="text-align: justify">Bloomberg ETF analyst Eric Balchunas highlighted that BlackRock and Fidelity’s Bitcoin ETFs contributed to 26% and 56% of the total inflows, respectively. Specifically, <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> from Farside Investor revealed that BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) have accumulated $16.6 billion and $8.9 billion in inflows since January.</p>
<h2 id="how-do-other-giants-compare">How Do Other Giants Compare?</h2>
<p style="text-align: justify">In the broader landscape, Vanguard, which does not offer Bitcoin ETFs, achieved $102.8 billion in total ETF inflows in 2024, surpassing BlackRock’s $65.1 billion. BlackRock currently manages 429 ETFs totaling $2.8 trillion, while Fidelity oversees 70 ETFs valued at $74 billion in assets under management (AUM).</p>
<p style="text-align: justify">Meanwhile, Invesco reported $34.7 billion in ETF flows this year, with a minuscule 0.9% coming from Bitcoin ETFs, amounting to $317.3 million in the first five months alone.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">– BlackRock’s IBIT ETF overtook Grayscale Bitcoin Trust (GBTC) as the largest spot Bitcoin ETF globally on May 28.<br> – IBIT holds 291,567 BTC, valued at over $20 billion, while GBTC’s holdings have decreased to 285,139 BTC, worth $19.6 billion.<br> – Recent trends indicate Bitcoin ETF inflows and outflows have balanced, with some providers experiencing zero inflow-outflow periods.</p>
<p style="text-align: justify">The recent equilibrium in Bitcoin ETF flows suggests a steadying market. Grayscale’s average daily inflows remain at $141.7 million, primarily driven by BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares Bitcoin ETF (ARKB).</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-turn-to-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Turn to Bitcoin ETFs</a></h5>

Investors Turn to Bitcoin ETFs

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