Picture of the author

crypto 353

06/13 12:55

Bitcoin ETF Inflows Approach $1 Billion This Week,

Bitcoin ETF Inflows Approach $1 Billion This Week, BlackRock’s IBIT Dominates

BlackRock Bitcoin ETF (IBIT) has seen more than $900 million in inflows this week while challenging the Gold ETF inflows.Bitcoin-ETF-Inflows-Approach-1-Billion-This-Week-BlackRocks-IBIT-Dominates-768x512.webp
  • BlackRock Bitcoin ETF assets under management (AUM) have surged to $73 billion despite Bitcoin's price decline.
  • IBIT is increasingly challenging traditional market leaders like Gold ETFs.
  • Bloomberg analyst predicts Bitcoin ETF AUM could eventually triple that of Gold ETFs, surpassing $1 trillion.

Inflows into spot Bitcoin ETF have reached closer to $1 billion in the first four trading days this week, with BlackRock iShares Bitcoin Trust (IBIT)  dominating most of the flows. This shows a strong pick-up in BTC institutional interest, despite the BTC price being on a falling trajectory this week. Amid continuous inflows, the AUM for IBIT has now crossed $73 billion.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge
LikeShare

All Comments0LatestHot

LatestHot
noContent

No records