"BlackRock's IBIT leads the spot Bitcoin ETF market"
As of September 27, IBIT’s cumulative net inflows reached $21.42 billion, followed by Fidelity’s FBTC with a net inflow of $9.99 billion. BlackRock offers institutional investors the opportunity to invest indirectly in BTC through this financial instrument.
Since the United States approved a Bitcoin ETF in January this year, institutional investors’ enthusiasm for Bitcoin has increased significantly. As of Friday's close, cumulative net inflows from all issuers totaled $18.8 billion.
Notably, BlackRock’s IBIT, the most successful spot Bitcoin ETF, has raised custody concerns. Investors have questioned why Bitcoin prices failed to reflect the positive impact of the inflows.
At the same time, some worry that increased institutional adoption could threaten Bitcoin’s founding principles, potentially leading institutions in the crypto space to regain control over entities that Bitcoin was designed to circumvent.