Bitcoin ETF

Bitcoin

BlackRock

<a href="https://bitcoinworld.co.in/blackrock-dominates-bitcoin-etf-inflow-streak-with-record-224m/" title="BlackRock Dominates Bitcoin ETF Inflow Streak With Record $224M" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">BlackRock’s Bitcoin ETF recorded a standout one-day inflow record of $224M.</li>
 <li style="font-weight: 400">The positive trend for the ETFs aligns with a recent market boom.</li>
</ul>
US-listed spot Bitcoin exchange-traded funds (ETFs) have been on an impressive streak this week, attracting hundreds of millions in new investments.&nbsp;
For days, multiple issuers have recorded significant inflows, signaling renewed investor confidence in Bitcoin-backed assets and fueling an upward momentum across the market.
Amid the positive trend, one issuer has emerged as a standout performer.
<h3 id="span-style-font-weight-400-blackrock-s-bitcoin-etf-shines-span">BlackRock’s Bitcoin ETF Shines</h3>
The ongoing surge in Bitcoin ETF inflows has reached a remarkable 12-day streak, with recent performance by BlackRock’s IBIT taking the spotlight.
<a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">According</a> to SoSo Value data on Monday, August 26, 2024, the spot ETFs had a cumulative net inflow of approximately $203 million.&nbsp;
IBIT led the charge with an impressive $224 million, marking its largest inflow in over 30 days. The strong performance set IBIT apart from other issuers by a wide margin, followed by Franklin Templeton’s EZBC and WisdomTree’s BTCW, with more modest inflows of $5.5 million and $5.2 million, respectively.
In contrast, other issuers, including Bitwise, Fidelity, and VanEck, experienced outflows ranging from $7 million to $17 million across their various ETFs. Grayscale and three other issuers recorded neither inflows nor outflows.
The surge in investments for the leading issuers comes as Bitcoin displays impressive performance over the weekend.
<h3 id="span-style-font-weight-400-btc-s-brief-rally-span">BTC’s Brief Rally</h3>
Bitcoin, the largest crypto asset, recently recorded a price uptick, following two weeks of being confined within the $59,000 range. On August 26, 2024, the crypto giant surged to a 24-day high, reaching approximately $65,000.
While BTC’s value has since readjusted to its current trading price of $61,886, its strength triggered excitement across the market and a subsequent wave of investments.
Bitcoin-linked investment assets also saw $534 million in inflows last week. This contributed to the overall recovery in crypto products, which recorded their highest inflows in over five weeks.
More so, BlackRock’s IBIT has amassed approximately $22.7 billion in assets under management (AUM), overtaking Grayscale, which previously held the top spot.
On the other side, Ethereum ETFs are underperforming, locked in an eight-day-long trend of consistent outflows. Hong Kong’s Bitcoin ETFs also recently demonstrated an impressive performance.&nbsp;
BlackRock’s performance reinforces its position as a leading Bitcoin ETF issuer, and the steady influx of funds highlights the overall increasing investor confidence in the funds.

BlackRock Dominates Bitcoin ETF Inflow Streak With Record $224M

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