BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT became the most successful ETF launch in a decade, following $418.8 million in net outflows registered on December 16.
Nate Geraci, CEO of ETF Store, said: highlighted IBIT beat about 2,850 ETFs. He added:
“In other words, IBIT has more lifetime inflows than any ETF launched since 2014. It did this in just 11 months.”
According to research by Farside Investors, IBIT has accumulated $36.3 billion in net inflows since launch, surpassing the $36.2 billion inflows of U.S.-traded spot Bitcoin ETFs. data.
This amount is almost three times higher than the $12.4 billion in inflows received by FBTC, the second-largest Bitcoin ETF managed by Fidelity.
Additionally, IBIT holds the most significant daily inflows among Bitcoin ETFs, capturing over $1.1 billion in one day. This is more than double FBTC’s record daily inflows of $473.4 million, making it the second-largest daily inflows among spot Bitcoin ETFs.
In particular, spot Bitcoin ETFs have secured more than $36 billion in annual fund flows year-to-date, despite outflows of $21 billion since Grayscale’s conversion to GBTC.
ETFs attracting attention
Cryptocurrency-related ETFs have been one of the main topics in the market this year. They provided US-based institutional investors with a regulated way to gain exposure to Bitcoin and Ethereum (ETH).
Analysts see cryptocurrency ETFs as one of the key drivers of Bitcoin’s stellar growth this year. Recently reportBitfinex analysts pointed out that ETF adoption is one of the key catalysts that could change Bitcoin’s previous cyclical patterns.
Additionally, Bloomberg senior ETF analyst Eric Balchunas said: highlighted How fast is the Bitcoin ETF growing? The total assets under management of these U.S.-traded products, including futures and leveraged ETFs, reached $130 billion, surpassing the $128 billion held by gold ETFs.
Even taking nearly $117 billion in AUM from the spot Bitcoin ETF, Balchunas said it would be “unrealistic” to see how close it would get to a gold ETF within just 11 months of launch. Bitwise also sees ETFs as one of two key catalysts. Ethereum’s significant growth Over the next year.
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Gino Matos
Gino Matos is a seasoned journalist who graduated from law school and has six years of experience in the cryptocurrency industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and decentralized finance (DeFi) development.