Crypto ETFs Experience Record Inflows, Blackrock’s IBIT Sees $849 Million Inflow
Yesterday, bitcoin exchange-traded funds (ETFs) in the United States saw record inflows, with net inflows reaching over $1 billion. Blackrock’s IBIT product also experienced a record inflow of $849 million. This comes as spot bitcoin ETFs now hold more than 90% of the daily trading volume market share for ETFs offering bitcoin exposure, while bitcoin futures ETFs claim just 10% of the market share.
Bitcoin ETF Inflows Reach Over $1 Billion
- On March 12, net bitcoin ETF inflows surpassed $1 billion
- This data was reported by BitMEX Research
According to data from BitMEX Research, net bitcoin ETF inflows on March 12 exceeded $1 billion. This demonstrates strong investor interest in these investment products.
Blackrock’s IBIT Sees Record Inflow of $849 Million
- Blackrock’s IBIT product recorded an inflow of $849 million
- This product has crossed 200,000 BTC in assets under management
In addition to the overall increase in bitcoin ETF inflows, Blackrock’s IBIT product experienced a record inflow of $849 million. This is significant considering that the product recently surpassed 200,000 BTC in assets under management. The growing interest in this product highlights the demand for bitcoin exposure among investors.
Spot Bitcoin ETFs Hold Over 90% Market Share
- Spot bitcoin ETFs now hold over 90% of the daily trading volume market share
- Bitcoin futures ETFs claim just 10% of the market share
Spot bitcoin ETFs currently dominate the market, holding over 90% of the daily trading volume market share. On the other hand, bitcoin futures ETFs only account for 10% of the market share. This shift suggests that investors are more interested in spot exposure to bitcoin rather than futures contracts.
Hot Take: Bitcoin ETFs Continue to Gain Traction in the US Market
The recent record inflows into bitcoin exchange-traded funds (ETFs) in the United States indicate a growing acceptance and interest in these investment vehicles. With net inflows surpassing $1 billion and Blackrock’s IBIT product seeing a record inflow of $849 million, it is clear that investors are increasingly turning to ETFs for exposure to bitcoin. The dominance of spot bitcoin ETFs in the market further solidifies their appeal.
As these ETFs continue to gain traction, it is likely that we will see even greater inflows in the future. Factors such as increased issuer sales efforts, the addition of ETFs to wealth manager product offerings, and the normalization of GBTC outflows could contribute to this growth. Overall, the success of bitcoin ETFs in the US market has exceeded expectations and demonstrates the strong demand for cryptocurrency investment products.
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