BlackRock’s IBIT leads the pack
The BlackRock iShares Bitcoin Trust (IBIT) saw the lion’s share of the inflows with a whopping $967 million entering the product on Monday. The ETF has brought in $2.6 billion in inflows since the beginning of October.
Related: BlackRock chases Bitcoin yield in latest ETF as a ‘sequel’ to IBIT
The Fidelity Wise Origin Bitcoin Fund (FBTC) recorded an inflow of $112 million, the Bitwise Bitcoin ETF (BITB) had $60 million, and the Grayscale Bitcoin Mini Trust (BTC) recorded $30 million. There were minor inflows for Invesco, WisdomTree, and Franklin’s funds.
IBIT fastest to $100B AUM
The BlackRock Bitcoin ETF is on the verge of surpassing $100 billion in assets under management, observed Nova Dius President Nate Geraci on Tuesday.
According to the official website, IBIT has an AUM of almost $98.5 billion in Bitcoin and cash, and it holds 783,767 BTC.
The world’s largest ETF, the Vanguard S & P 500 ETF, took more than two thousand days to hit that mark, and IBIT is about to do it in under 450 days, said Geraci. Only 18 of over 4,500 trading ETFs have over $100 billion in AUM, he added.
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