Bitcoin ETF

Billion

BlackRock

<img decoding="async" width="1280" height="720" src="https://coingape.com/wp-content/uploads/2024/03/BlackRock.jpg" class="attachment-full size-full wp-post-image" alt="Investment Advisor With $5B AUM Dives Into BlackRock Bitcoin ETF" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/03/BlackRock.jpg 1280w, https://coingape.com/wp-content/uploads/2024/03/BlackRock-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/03/BlackRock-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2024/03/BlackRock-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2024/03/BlackRock-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/03/BlackRock-150x84.jpg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
<p>The BlackRock Bitcoin ETF (IBIT) continued with its unprecedented inflow streak recording more than $500 million worth of inflows on Monday, July 22. With this, IBIT’s total inflows in the last 12 trading sessions have reached nearly $2 billion, with the total inflows crossing $19.5 billion since the launch in January. This has pushed the IBIT share price on a strong recovery path over the past two weeks.</p> 
<h2 id="blackrock-bitcoin-etf-roars">BlackRock Bitcoin ETF Roars</h2> 
<p>BlackRock Bitcoin ETF IBIT has been single-handedly contributing to a large majority of the total inflows in the <a href="https://coingape.com/spot-bitcoin-etf-products-records-17b-in-ytd-net-flows/" target="_blank" rel="noopener">US Bitcoin ETFs</a>. This shows that there’s a growing institutional confidence in the market accompanied by strong retail participation.</p> 
<p>On Monday, BlackRock’s IBIT recorded nearly $1 billion in trading volumes for the third time in the past week. The Bitcoin product now currently holds more than 325,000 BTC worth more than a staggering $22.5 billion. On the other hand, <a href="https://coingape.com/bitcoin-etf-inflow-fidelity-overtakes-blackrock-in-surprise-move/" target="_blank" rel="noopener">Fidelity’s FBTC</a> ranks second with an AUM of $12.19 billion.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">U.S. Bitcoin ETF market caps <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a rel="nofollow" href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IBIT</a> w/ $22.3 Billion, <a rel="nofollow" href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FBTC</a> $12.2 Billion, <a rel="nofollow" href="https://twitter.com/search?q=%24ARKB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARKB</a> $3.4B, <a rel="nofollow" href="https://twitter.com/search?q=%24BITB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BITB</a> 2.8B <a rel="nofollow" href="https://t.co/wc60z3pmOu">pic.twitter.com/wc60z3pmOu</a></p> 
 <p>— HODL15Capital <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@HODL15Capital) <a rel="nofollow" href="https://twitter.com/HODL15Capital/status/1815520128274166000?ref_src=twsrc%5Etfw">July 22, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Amid these stellar inflows and trading volumes, the iShares Bitcoin Trust (NASDAQ: IBIT) share price has surged by 20% in the past two weeks. The IBIT share price has already been up more than 46% since the launch in January. The immediate resistance for IBIT is $40.50 on the upside. If it manages to breakout above this, we could see a further rally in IBIT shares.</p> 
<p>Also Read: <a href="https://coingape.com/grayscale-bitwise-ethereum-etf-gets-sec-nod-for-nyse-trading/" target="_blank" rel="noopener">Grayscale &amp; Bitwise Ethereum ETF Gets SEC Nod For NYSE Trading</a></p> 
<h2 id="will-ethereum-etf-bring-the-same-success">Will Ethereum ETF Bring the Same Success?</h2> 
<p>BlackRock is also one of the major issuers of <a href="https://coingape.com/grayscale-bitwise-ethereum-etf-gets-sec-nod-for-nyse-trading/" target="_blank" rel="noopener">spot Ethereum ETF</a> scheduled to go live on Tuesday. Crypto ETFs could prove to be a winning formula for BlackRock as the financial giant recently crossed more than $10 billion in net assets under management. The asset manager has kept a competitive management fee of 0.25% for Ether ETFs.</p> 
<p>On the other hand, speculations are ripe that <a href="https://coingape.com/blackrock-ceo-larry-fink-for-treasury-secretary-what-are-the-odds/" target="_blank" rel="noopener">BlackRock CEO Larry Fink</a> could become the next Treasury Secretary of the US if Donald Trump wins the upcoming elections.</p> 
<p>Also Read: <a href="https://coingape.com/blackrock-aum-hits-10-6-trillion-amid-robust-q2-earnings/" target="_blank" rel="noopener">BlackRock AUM Tops $10.6 Trillion Amid Solid Q2 Earnings</a></p> 
<p>Just before the Ether ETFs go live for trading, the Ethereum price has come under some selling pressure dropping to $3,450 levels.</p> 
<p>The post <a href="https://coingape.com/blackrock-bitcoin-etf-sees-0-5-billion-inflow-ibit-share-jumps/">BlackRock Bitcoin ETF Sees $0.5 Billion Inflow, IBIT Share Jumps</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

BlackRock Bitcoin ETF Sees $0.5 Billion Inflow, IBIT Share Jumps

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Coingape News Media

Інші статті, опубліковані 23 лип. 2024 р.

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