Source: cryptoslate
Compiled by: Blockchain Knight
BlackRock's spot BTC ETF (IBIT) recorded a net flow of $418.8 million on December 16, becoming the most successful ETF launched in over a decade.
The ETF Store CEO Nate Geraci emphasized that IBIT has outperformed approximately 2850 ETFs.
Geraci added: "In other words, IBIT has had more lifetime capital inflows than any ETF launched since 2014. It achieved this in just over 11 months."
According to data from Farside Investors, IBIT has accumulated $36.3 billion in positive net inflows since its launch, surpassing the $36.2 billion inflow of spot BTC ETFs traded in the U.S.
This amount is nearly three times higher than the $12.4 billion inflow of the second largest spot BTC ETF (FBTC) managed by Fidelity.
Additionally, IBIT is also the fund with the highest single-day inflow among BTC ETFs, with over $1.1 billion in inflows in a single day.
This is more than double the single-day inflow record of $473.4 million for FBTC, the second largest single-day inflow for a spot BTC ETF.
It is worth noting that although Grayscale's GBTC has seen outflows of $21 billion since its conversion, the spot BTC ETF has still attracted over $36 billion in inflows year to date.
Crypto-related ETFs are one of the main topics in the market this year. They provide a regulated way for institutional investors in the U.S. to access BTC and Ethereum.
Analysts believe that Crypto ETFs are one of the main drivers of BTC's significant growth this year.
In a recent report, Bitfinex analysts pointed out that the adoption of ETFs is one of the main catalysts capable of changing BTC's historical cycle patterns.
Additionally, Bloomberg's senior ETF analyst Eric Balchunas highlighted the rapid growth of BTC ETFs.
The total assets managed by these products traded in the U.S. (including futures and leveraged ETFs) have reached $130 billion, exceeding the $128 billion of gold ETFs.
Even just from the nearly $117 billion in assets under management of the spot BTC ETF, Balchunas stated that within just 11 months of launch, the BTC ETF is so close to the gold ETF that it is "unreal."
Bitwise also believes that ETFs are one of the two major catalysts for Ethereum's significant growth next year.
