BlackRock’s iShares Bitcoin Trust (IBIT) from major asset manager BlackRock has seen investments increase for the 70th day in a row, with an inflow of $62.2 million on April 22, based on data from Farside Investors.
The current run of positive $IBIT inflows has lasted for 69 consecutive days. With just one more day, it will join the Top 10 longest streaks and match $JETS’ impressive run. It’s amusing to think that if the streak ended today, it would add an unexpected twist – demonstrating a sense of humor from the financial gods. (@thetrinianalyst)
— Eric Balchunas (@EricBalchunas) April 22, 2024
Among the top-ten ETFs with the most sustained periods of investment inflows, IBIT stands out, having attracted over $15.4 billion in Bitcoins. This amount is approaching the leading position in the market. In contrast, Grayscale’s Bitcoin ETF has experienced continuous withdrawals.
Eric Balchunas of Bloomberg stated, “The current streak of IBIT inflows stands at 69 days. With just one more day, it will join the Top 10 longest streaks, tying with JETS. However, if this streak ends tomorrow, it would be quite amusing.”
On April 22, Bitcoin spot ETFs experienced significant shifts. A total of $62.0899 million flowed in collectively. Grayscale’s GBTC recorded a single-day outflow of $34.993 million, while Fidelity’s FBTC recorded a daily inflow of $34.8334 million.
Over the last three days, Fidelity’s Bitcoin Trust (FBTC) has brought in more daily investments than IBIT. In total, investments in Bitcoin spot ETFs have amounted to $12.384 billion. Bitwise’s CEO anticipates that wealth management firms will increase their involvement with Bitcoin ETFs.
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2024-04-23 10:28