According to PANews, Eric Balchunas, senior ETF analyst at Bloomberg, said that BlackRock is very satisfied with the successful performance of its spot Bitcoin ETF (IBIT). The global inflow of this ETF accounts for 24% of all BlackRock ETF flows, and it performs outstandingly among its 1,000 ETFs. Currently, IBIT's total assets under management exceed US$18 billion, second only to Grayscale's fund.
Data from The Block shows that the cumulative trading volume of all spot Bitcoin ETFs is close to $230 billion, indicating that this type of financial product has received great attention from investors. Balchunas mentioned this data during an online panel discussion about Hong Kong’s recently approved spot cryptocurrency ETF, saying that this achievement even caught the attention of BlackRock CEO Larry Fink. Since the IBIT ETF was listed in the United States in January this year, it has attracted capital inflows for more than 70 consecutive days, becoming one of the most successful exchange-traded funds in history.
