- Blackrock’s Bitcoin ETF IBIT has entered the top 10 ETFs of all-time for the longest streak of daily inflows, reaching 70 consecutive days without outflows.
- The success of US Bitcoin spot ETFs like IBIT, with over $200 billion in cumulative trading volume since their launch, demonstrates high investor demand for Bitcoin exposure.
- Blackrock’s CEO Larry Fink has changed his stance on Bitcoin, with the firm now holding over 270,000 BTC worth $18 billion, solidifying its position as a major player in Bitcoin ETFs.
BlackRock’s Bitcoin ETF IBIT has joined the top 10 ETFs with the longest daily inflows streak, solidifying its position as a leader in the US Spot ETFs market.
IBIT Achieves Impressive Milestone
As of Tuesday April 23, IBIT has seen 70 days of inflows, meaning that the fund has seen a positive increase in its total holdings of the underlying asset (in this case spot Bitcoin) every day for the past 70 days. IBIT has yet to see a day of outflows, in which its holdings have declined.
This milestone comes after a series of US Spot Bitcoin ETF approvals earlier this year, which have proven to be hugely successful. Since their launch, US Bitcoin ETFs have crossed an impressive $200 billion in total cumulative volume, demonstrating the high demand for Bitcoin among investors.
BlackRock’s Changing Attitude Towards Bitcoin
BlackRock’s CEO Larry Fink has notably changed his stance on Bitcoin recently. The company now holds more than 270,000 bitcoins worth over $18 billion, solidifying its position as a major player in Bitcoin ETFs. This shift in attitude from one of the world’s largest asset managers is a testament to the growing mainstream acceptance of Bitcoin as a legitimate investment asset.
Consistent Demand for IBIT
This achievement highlights the consistent demand for IBIT and its ability to attract a steady stream of investment. The success of IBIT and other US Spot Bitcoin ETFs sends a positive signal to other countries and traditional investors, demonstrating the high demand for Bitcoin investment products.
Bitcoin’s Growing Role in Finance
The increasing involvement of major institutional players like BlackRock is a clear indication that Bitcoin is here to stay and will play an increasingly important role in the global financial landscape.
