BlackRock's Bitcoin ETF attracts capital inflows of 780 million USD in 3 days
This increase in investment positions IBIT to be highly influential in shaping investor sentiment and market trends.
BlackRock's IBIT attracts large capital flows
On Monday, IBIT recorded 0 inflows. However, the fund attracted a significant amount of $274.43 million on Tuesday, followed by $155.43 million on Wednesday.
According to data from SoSoValue, it attracted another $350 million on Thursday. Therefore, the total capital inflow into IBIT this week has reached nearly 780 million USD.
Recently, BlackRock's iShares Bitcoin Trust reached new heights by becoming the world's largest Bitcoin ETF. Currently, it has assets worth $21.4 billion, surpassing Grayscale's $20.1 billion. The $12.3 billion Fidelity Wise Origin Bitcoin Fund ranked third.
On Thursday, other funds saw relatively smaller inflows compared to IBIT. Fidelity and VanEck Bitcoin ETFs received net inflows of $3.1 million and $2 million, respectively.
In contrast, Ark Invest's ARKB experienced one of the largest outflows, with a net cash flow of $96.6 million. Grayscale's converted GBTC and Bitwise's BITB also faced capital outflows, losing $37.6 million and $3.1 million, respectively.
Spot Bitcoin ETFs have continued to attract investors, achieving their longest streak of net inflows since their inception. These funds have accumulated a total of $15.55 billion since January. Although inflows slowed in April and May, they have since rebounded, although still below their highs. most of March.
