BlackRock Dominates Bitcoin ETF Inflows, Adds 10K Bitcoins Daily
Asset management giants like BlackRock are dominating the Bitcoin ETF landscape, with substantial inflows and holdings exceeding $6 billion. Meanwhile, contrasting trends between Bitcoin and Gold ETFs underscore Bitcoins growing appeal as a hedge against traditional financial assets. This week the crypto community has witnessed mega inflows into the spot Bitcoin ETFs, with the ETF issuers hitting new records. On Thursday, February 15, spot Bitcoin ETFs recorded net inflows of $377 million. Combining all Bitcoin Spot ETFs, the sponsors currently hold 728,000 BTC, valued at $37 billion as of the present moment. Of these, 61,000 Bitcoin inflow have happened just over the last week. This indicates that BlackRock, Fidelity, Grayscale, and other entities collectively possess approximately 3.7 percent of the total Bitcoin volume in circulation. Holdings of the BlackRock iShares Bitcoin ETFs have crossed $6 billion while the Bitwise Bitcoin ETF registered the second-largest day since the launch of spot Bitcoin ETF. On Thursday, BlackRocks iShares Bitcoin ETF (IBIT) witnessed an impressive inflow of $339.9 million, making it the top performer. Following closely is Bitwise Bitcoin ETF (BITB) with a $120.2 million inflow. However, the Fidelity Bitcoin ETF (FBTC) experienced a further slowdown in inflows, totaling $97.4 million. Courtesy: BitMEX Research Asset management giant BlackRock continues