贝莱德IBIT
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🕵 The U.S. Bitcoin ETF market experienced consecutive outflows for two days last week, putting market sentiment to the test!
According to data from Farside Investors, the Bitcoin spot ETF market lost $671.9 million on December 19, and the following day, the ETF market lost another $277 million.
Among them, asset management giant BlackRock's Bitcoin ETF (IBIT) saw an outflow of $72.7 million on December 20, marking the largest single-day outflow since its launch in January this year, seemingly ending the inflow momentum of its Bitcoin exchange-traded fund.
On December 19, another issuer, Fidelity's FBTC, also recorded a historic outflow of $208.5 million. Then on December 20, FBTC experienced an outflow of about $71.9 million, resulting in two consecutive days of outflows for the ETF.
This series of outflow events has raised concerns in the market about the prospects of the U.S. spot Bitcoin ETF. However, market observers believe that the outflow of funds may not continue, as Bitcoin has shown signs of rebound and is rising again after the earlier sharp decline.
Despite IBIT and FBTC being among the best-performing exchange-traded funds in the U.S., ranking within the top 25 in asset size just one month after their launch, the consecutive outflow phenomenon may indicate a shift in market sentiment.
Analysts noted that Bitcoin's market trading volume has dropped to $59.5 billion, a 52% decrease compared to last month, which starkly contrasts with the bullish trend in the cryptocurrency market following Trump's election victory.
Last Tuesday, Bitcoin reached a historic high of $108,000 per coin. Currently, Bitcoin is trading at $95,871 per coin, down 4.1% in the past 24 hours, with a total market capitalization of $1.89 trillion.
Analysts believe that the predicament faced by BlackRock and Fidelity should not come as a surprise to traders, as these two international asset management companies account for a significant share of inflows. Consequently, some investors are concerned that recent developments in ETFs may become a turning point, leading to a significant decline in institutional investors' interest in Bitcoin.
In summary, this week, the fund flows of Bitcoin spot ETFs and their potential impact on the spot market remain a focal point of close attention for investors and market analysts.
#比特币ETF #资金流出 #贝莱德IBIT #FidelityFBTC #加密货币市场
According to data from Farside Investors, the Bitcoin spot ETF market lost $671.9 million on December 19, and the following day, the ETF market lost another $277 million.
Among them, asset management giant BlackRock's Bitcoin ETF (IBIT) saw an outflow of $72.7 million on December 20, marking the largest single-day outflow since its launch in January this year, seemingly ending the inflow momentum of its Bitcoin exchange-traded fund.
On December 19, another issuer, Fidelity's FBTC, also recorded a historic outflow of $208.5 million. Then on December 20, FBTC experienced an outflow of about $71.9 million, resulting in two consecutive days of outflows for the ETF.
This series of outflow events has raised concerns in the market about the prospects of the U.S. spot Bitcoin ETF. However, market observers believe that the outflow of funds may not continue, as Bitcoin has shown signs of rebound and is rising again after the earlier sharp decline.
Despite IBIT and FBTC being among the best-performing exchange-traded funds in the U.S., ranking within the top 25 in asset size just one month after their launch, the consecutive outflow phenomenon may indicate a shift in market sentiment.
Analysts noted that Bitcoin's market trading volume has dropped to $59.5 billion, a 52% decrease compared to last month, which starkly contrasts with the bullish trend in the cryptocurrency market following Trump's election victory.
Last Tuesday, Bitcoin reached a historic high of $108,000 per coin. Currently, Bitcoin is trading at $95,871 per coin, down 4.1% in the past 24 hours, with a total market capitalization of $1.89 trillion.
Analysts believe that the predicament faced by BlackRock and Fidelity should not come as a surprise to traders, as these two international asset management companies account for a significant share of inflows. Consequently, some investors are concerned that recent developments in ETFs may become a turning point, leading to a significant decline in institutional investors' interest in Bitcoin.
In summary, this week, the fund flows of Bitcoin spot ETFs and their potential impact on the spot market remain a focal point of close attention for investors and market analysts.
#比特币ETF #资金流出 #贝莱德IBIT #FidelityFBTC #加密货币市场
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🚀 BlackRock's iShares Bitcoin Trust (IBIT) Asset Management Scale Soars, Surpassing 20 Years of Gold ETF Achievements in Just One Year
BlackRock's iShares Bitcoin Trust (IBIT) has reached an astonishing asset management scale of $58.57 billion in less than a year, nearly double the $33 billion it took for their gold ETF to achieve in 20 years!
Since its launch in January this year, BlackRock's spot Bitcoin ETF IBIT has been on a rapid rise. Ki Young Ju, CEO of market analysis platform CryptoQuant, praised IBIT for achieving this significant milestone in under a year on X.
Moreover, IBIT set a super record by becoming the fastest ETF to reach $50 billion in assets under management (AUM), five times faster than any other fund! The previous record was held by BlackRock's iShares Core MSCI EAFE ETF (IEFA), which took 1,329 days to reach $50 billion, while IBIT only took 228 days!
The secret weapon behind this? Of course, it's the skyrocketing price of Bitcoin (BTC). On December 5, Bitcoin first broke the $100,000 barrier, peaking even at $108,200.
IBIT's achievements don't stop there; it reached an AUM of $10 billion within seven weeks of its launch, becoming a standout among the 3,400 ETFs worldwide. Additionally, IBIT surpassed Grayscale Bitcoin Trust (GBTC) in AUM within just 96 minutes of trading, becoming the largest spot Bitcoin ETF with 288,671 BTC.
Currently, IBIT's holdings have ballooned to 549,920 BTC, solidifying its position as the largest Bitcoin ETF by trading volume, AUM, and market capitalization.
🗣 Conclusion:
In summary, BlackRock's iShares Bitcoin Trust (IBIT) has achieved tremendous success in a short period, opening a new chapter in the competition between the cryptocurrency market and traditional financial products.
Its rapid growth not only highlights the increasing interest and trust in digital assets but also underscores Bitcoin's potential as a store of value and investment tool.
This could prompt more traditional financial institutions to venture into the cryptocurrency space, signaling the arrival of a more diversified and interconnected global financial market.
💬 Do you think IBIT's success will serve as a catalyst for other financial institutions to enter the cryptocurrency market? Or do you believe this growth trend of Bitcoin is sustainable?
#贝莱德IBIT #比特币ETF #金融创新 #资产管理规模
BlackRock's iShares Bitcoin Trust (IBIT) has reached an astonishing asset management scale of $58.57 billion in less than a year, nearly double the $33 billion it took for their gold ETF to achieve in 20 years!
Since its launch in January this year, BlackRock's spot Bitcoin ETF IBIT has been on a rapid rise. Ki Young Ju, CEO of market analysis platform CryptoQuant, praised IBIT for achieving this significant milestone in under a year on X.
Moreover, IBIT set a super record by becoming the fastest ETF to reach $50 billion in assets under management (AUM), five times faster than any other fund! The previous record was held by BlackRock's iShares Core MSCI EAFE ETF (IEFA), which took 1,329 days to reach $50 billion, while IBIT only took 228 days!
The secret weapon behind this? Of course, it's the skyrocketing price of Bitcoin (BTC). On December 5, Bitcoin first broke the $100,000 barrier, peaking even at $108,200.
IBIT's achievements don't stop there; it reached an AUM of $10 billion within seven weeks of its launch, becoming a standout among the 3,400 ETFs worldwide. Additionally, IBIT surpassed Grayscale Bitcoin Trust (GBTC) in AUM within just 96 minutes of trading, becoming the largest spot Bitcoin ETF with 288,671 BTC.
Currently, IBIT's holdings have ballooned to 549,920 BTC, solidifying its position as the largest Bitcoin ETF by trading volume, AUM, and market capitalization.
🗣 Conclusion:
In summary, BlackRock's iShares Bitcoin Trust (IBIT) has achieved tremendous success in a short period, opening a new chapter in the competition between the cryptocurrency market and traditional financial products.
Its rapid growth not only highlights the increasing interest and trust in digital assets but also underscores Bitcoin's potential as a store of value and investment tool.
This could prompt more traditional financial institutions to venture into the cryptocurrency space, signaling the arrival of a more diversified and interconnected global financial market.
💬 Do you think IBIT's success will serve as a catalyst for other financial institutions to enter the cryptocurrency market? Or do you believe this growth trend of Bitcoin is sustainable?
#贝莱德IBIT #比特币ETF #金融创新 #资产管理规模