{"id":21038,"date":"2024-05-22T14:30:40","date_gmt":"2024-05-22T11:30:40","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21038"},"modified":"2024-05-22T10:50:27","modified_gmt":"2024-05-22T07:50:27","slug":"blackrocks-bitcoin-etf-inflows-surge-to-record-high","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrocks-bitcoin-etf-inflows-surge-to-record-high\/","title":{"rendered":"BlackRock&#8217;s Bitcoin ETF Inflows Surge to Record High"},"content":{"rendered":"<p>In particular, on May 21, <strong>BlackRock\u2019s iShares Bitcoin Trust (IBIT)<\/strong> posted a spectacular<strong> $290 million inflow,<\/strong> which can be regarded as a turning point for the fund. This single-day inflow is even higher than the net fund that the fund has received in the last 21 trading days. Preliminary information from Farside Investors indicates that the IBIT contributed to 95% of the total inflow into US spot Bitcoin ETFs on Tuesday, with over $300 million in net inflow.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/blackrocks-bitcoin-etf-inflows-surge-to-record-high\/#Reversing_a_Six-Week_Trend\" title=\"Reversing a Six-Week Trend\">Reversing a Six-Week Trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/blackrocks-bitcoin-etf-inflows-surge-to-record-high\/#Market_Reactions_and_Competitor_Performance\" title=\"Market Reactions and Competitor Performance\">Market Reactions and Competitor Performance<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Reversing_a_Six-Week_Trend\"><\/span>Reversing a Six-Week Trend<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is the largest amount of net fund creation for<a href=\"https:\/\/coinengineer.net\/blog\/fidelity-and-blackrock-etfs-drive-record-bitcoin-inflows\/\"> BlackRock\u2019s ETF<\/a> since April 5, and only the second week in the past six that has seen any inflows at all. In total, spot Bitcoin ETFs have attracted more than $1 billion in the past four trading sessions on the back of a shaky Bitcoin rally. So far, BlackRock has managed to gather $16bln in inflows since its launch, ranking it second only to Grayscale\u2019s GBTC with $20bln AUM.<\/p>\n<p>This has placed BlackRock firmly on the map as a significant player in the Bitcoin ETF market through IBIT inflows. For instance, Grayscale\u2019s GBTC product had no inflows on May 21 and has gone five days straight without outflows, after experiencing outflows for the previous four months.\u00a0It has attracted <strong>$72.5 billion<\/strong> worth of inflows in the past five days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Reactions_and_Competitor_Performance\"><\/span>Market Reactions and Competitor Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another important point is that while <strong>BlackRock\u2019s IBIT<\/strong> took place, other Bitcoin ETFs had mixed outcomes. <strong>The VanEck Bitcoin Trust ETF (HODL)<\/strong> revealed that there was a fund outflow of $5.9 million, and the<strong> Bitwise Bitcoin ETF (BITB)<\/strong> outflow of $4.2 million. On the other hand, <strong>the Fidelity Wise Origin Bitcoin Fund (FBTC)<\/strong> achieved a rather tiny inflow of $25.15 million while the rest of the funds had no change.<\/p>\n<p>This increased interest in Bitcoin ETFs has been prompted by the recent upsurge in BTC prices by 12 percent in the past one week. Bitcoin reached $71,600 on May 21, which is the highest it has been in the last six weeks, but it slightly fell to $69,444 at the beginning of May 22 trading session. The expectation of spot<a href=\"https:\/\/coinengineer.net\/blog\/coinbase-evaluates-markets-attitude-toward-spot-ethereum-etf-approval\/\"> Ethereum ETFs<\/a> to be approved by the Securities and Exchange Commission (SEC) in the United States has also contributed to the crypto market\u2019s rally this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In particular, on May 21, BlackRock\u2019s iShares Bitcoin Trust (IBIT) posted a spectacular $290 million inflow, which can be regarded as a turning point for the fund. This single-day inflow is even higher than the net fund that the fund has received in the last 21 trading days. Preliminary information from Farside Investors indicates that<\/p>\n","protected":false},"author":6,"featured_media":17815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[4327],"class_list":["post-21038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-blackrock-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock&#039;s Bitcoin ETF Inflows Surge to Record High<\/title>\n<meta name=\"description\" content=\"BlackRock&#039;s Bitcoin ETF (IBIT) saw a record inflow of $290 million on May 21, more than the past 21 trading days combined, amid a broader surge in spot Bitcoin ETF investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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