BlackRock's IBIT, a Bitcoin ETF, has become the most successful ETF launch in over a decade, surpassing all competitors. With $418.8 million in net flows on Dec. 16, IBIT outperformed approximately 2,850 ETFs. Since its launch, IBIT has accumulated $36.3 billion in net flows, exceeding US-traded spot Bitcoin ETFs. Notably, IBIT holds the record for the largest daily inflow among Bitcoin ETFs, with over $1.1 billion in a single day. Crypto-related ETFs have been a significant topic this year, providing institutional investors in the US with regulated exposure to Bitcoin and Ethereum. Analysts believe that ETF adoption is a key driver of Bitcoin's growth. The total assets under management of Bitcoin ETFs in the US have surpassed gold ETFs, indicating rapid growth. Additionally, ETFs are expected to drive significant growth in Ethereum in the coming year. Read more AI-generated news on: https://app.chaingpt.org/news
BlackRock's IBIT Emerges As Top ETF for Inflows
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