{"id":287971,"date":"2024-04-23T11:29:10","date_gmt":"2024-04-23T05:59:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=287971"},"modified":"2024-04-23T11:29:10","modified_gmt":"2024-04-23T05:59:10","slug":"blackrock-bitcoin-etf-ibit-enters-top-10-etf-list-with-longest-inflows-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrock-bitcoin-etf-ibit-enters-top-10-etf-list-with-longest-inflows-crypto-news\/","title":{"rendered":"BlackRock Bitcoin ETF IBIT Enters Top 10 ETF List With Longest Inflows – Crypto News"},"content":{"rendered":"

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On Monday, April 22, the BlackRock Bitcoin ETF IBIT registered yet another inflow of $19.4 million, registering 70 consecutive days of inflows ever since launch. This puts BlackRock\u2019s IBIT ETF into the top-ten exchange-traded-funds recording the largest daily streak of inflows.<\/p>\n

BlackRock Bitcoin ETF IBIT Shines<\/h3>\n

So far, BlackRock\u2019s IBIT Bitcoin ETF has amassed<\/a> more than $15.4 billion worth of Bitcoins as of its current price. While on the one hand, BlackRock has been recording continuous inflows, the Grayscale Bitcoin ETF has registered continuous outflows on the other hand. BlackRock\u2019s IBIT<\/a> has been swiftly closing the gap with GBTC and could soon become the largest Bitcoin fund in the market.<\/p>\n

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Earlier today, Bloomberg\u2019s senior ETF analyst Eric Balchunas shared a chart on X, highlighting the potential milestone for BlackRock\u2019s fund, IBIT. If IBIT manages to sustain its streak of 70 consecutive days of net inflows, it will join the ranks of some of the most successful exchange-traded funds in history.<\/p>\n

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\u201cIBIT inflow streak currently at 69 days. One more day and it moves into the top 10 and ties JETS,\u201d Balchunas noted. The JETS exchange-traded fund, which holds shares in companies within the airline industry, has also achieved 70 consecutive days of inflows, as per Balchunas\u2019 data. Prior to today, JETS held the tenth position in this regard.<\/p>\n

According to the Bloomberg analyst\u2019s post, the JPMorgan Equity Premium Income ETF (JEPI) currently holds the record for the longest streak of daily inflows, standing at an impressive 160 consecutive days.<\/p>\n

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Snapshot of Inflows<\/h3>\n

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Yesterday, April 22, saw significant movements in the Bitcoin spot ETF market<\/a>. Total net inflows amounted to $62.0899 million, while Grayscale GBTC experienced a single-day net outflow of $34.993 million. Conversely, Fidelity ETF FBTC recorded a single-day net inflow of US$34.8334 million.<\/p>\n

Over the past three sessions, Fidelity\u2019s FBTC has outpaced BlackRock\u2019s IBIT in terms of daily inflows. The historical cumulative net inflow for Bitcoin spot ETFs has now reached an impressive US$12.384 billion. Bitwise CEO recently stated that wealth management firms<\/a> are likely to further increase their exposure to Bitcoin ETF.<\/p>\n

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\u2713 Share:<\/p>\n

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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On Monday, April 22, the BlackRock Bitcoin ETF IBIT registered yet another inflow of $19.4 million, registering 70 consecutive days of inflows ever since launch. This puts BlackRock\u2019s IBIT ETF into the top-ten exchange-traded-funds recording the largest daily streak of inflows. BlackRock Bitcoin ETF IBIT Shines So far, BlackRock\u2019s IBIT Bitcoin ETF has amassed more […]<\/p>\n","protected":false},"author":2,"featured_media":275530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-287971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=287971"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287971\/revisions"}],"predecessor-version":[{"id":287975,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287971\/revisions\/287975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/275530"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=287971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=287971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=287971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}