{"id":18696,"date":"2024-04-25T09:00:58","date_gmt":"2024-04-25T09:00:58","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=18696"},"modified":"2024-04-25T06:55:11","modified_gmt":"2024-04-25T06:55:11","slug":"blackrocks-bitcoin-etf-inflow-streak-ends","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrocks-bitcoin-etf-inflow-streak-ends\/","title":{"rendered":"BlackRock’s Bitcoin ETF Inflow Streak Ends"},"content":{"rendered":"

As a significant break, BlackRock iShares Bitcoin Trust (IBIT) for the very first time did not have any inflows \u2013 since the debut Bitcoin ETFs in the US. In its 71-day lifetime since its inception on January 11, more than $15.5 billion has been poured into IBIT by BlackRock, with new funding emerging almost daily, as per Farside data.<\/p>\n

Mixed Trends Among Bitcoin ETF Participants<\/strong><\/p>\n

On the other hand, it was not only BlackRock that experienced this drought. Among the 11 U.S.-registered Bitcoin ETFs<\/a>, only Fidelity Wise Origin Bitcoin Fund(FBTC) and ARK 21Shares Bitcoin ETF(ARKB) recorded inflows of $5.6 million and $4.2 million, respectively. On the contrary, Grayscale Bitcoin Trust ETF (GBTC) recorded $130.4 million inflow on the 24th of April; yet, the net outflow amounted to $120.6<\/strong> million for the spot Bitcoin ETFs during the month.<\/p>\n

Regulatory Hurdles Delay Ether ETF Approvals<\/strong><\/p>\n

While this scenario is unusual for the IBIT, it is an acknowledgement of a broader trend experienced by other ETF players. Specifically, Fidelity’s FBTC suffered $0 inflows on three days within the last couple of weeks. Nevertheless, this eclipses the $12.3 billion net Bitcoin holdings of the U.S. Bitcoin ETF<\/strong> market since inception. At the same time, the outflows from GBTC have overwhelmed a large part of the inflows originating from the remaining 10 Bitcoin ETFs, with the outflows from GBTC exceeding $17 billion since January 11.<\/p>\n

Uncertainty Looms Over Ether ETF Prospects<\/strong><\/p>\n

The eyes of the market are not just on Bitcoin since there are some who are looking at the prospects for Ethereum Exchange-Traded Funds in the US. Nevertheless, the Securities and Exchange Commission have recently postponed responding to several Ethereum ETF proposals. In its April 23 release the Commission mentioned,<\/strong> “Having sufficient time to consider the proposed rule change, as modified by Amendment No. is appropriate, given that it is designated a longer period within which to issue an order approving or disapproving”. 1.As a consequence, the decision to have a spot ETH exchange-traded product through which Grayscale\u2019s ETH Trust can be converted has been delayed by 60 days, and the final date will be on June 23.<\/p>\n

As markets zigzag and regulators blink regulatory change on cryptocurrency ETFs, investors and industry players stay lucid and expect the next move in the rapidly developing market.<\/p>\n","protected":false},"excerpt":{"rendered":"

As a significant break, BlackRock iShares Bitcoin Trust (IBIT) for the very first time did not have any inflows \u2013 since the debut Bitcoin ETFs in the US. In its 71-day lifetime since its inception on January 11, more than $15.5 billion has been poured into IBIT by BlackRock, with new funding emerging almost daily,<\/p>\n","protected":false},"author":6,"featured_media":18054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[534,535,297,4617],"class_list":["post-18696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-bitcoin-etf","tag-blackrock","tag-etf","tag-ibit"],"yoast_head":"\nBlackRock's Bitcoin ETF Inflow Streak Ends - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Discover the latest developments in the BlackRock iShares Bitcoin Trust (IBIT) and the trend of Bitcoin ETF inflows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/blackrocks-bitcoin-etf-inflow-streak-ends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock's Bitcoin ETF Inflow Streak Ends - 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