- For the seventh day in a row, BlackRock’s spot bitcoin exchange-traded fund saw net inflows, placing it among the top 10 ETFs with the longest daily streaks of inflows.
- On Monday, the fund added more than $600 million to its AUM, according per the BlackRock fund page.
On Monday, the BlackRock spot bitcoin exchange-traded fund (ETF) saw inflows for the seventy-first day in a row. This ranked the exchange-traded fund (ETF) of the massive financial company among the top 10 with the longest daily streaks of inflows.
BlackRock’s fund, ticker IBIT, would rank among the most successful exchange-traded funds in history if it were to record a 70th straight day of net inflows, according to a graphic that Bloomberg senior ETF analyst Eric Balchunas posted to X earlier on Monday.
The current IBIT inflow streak is 69 days. In just one more day, it will tie JETS and enter the top 10. Balchunas has posted statistics indicating that the JETS exchange-traded fund, which comprises shares of firms in the airline industry, has had inflows for 70 consecutive days. JETS was seated alone at number 10 prior to Monday.
HODL15Capital reports that on Monday, there was a $20 million net inflow into BlackRock’s spot bitcoin ETF. The ETF saw a $19.65 million net inflow that same day, according to SosoValue data.
As per the Bloomberg analyst’s report, the JPMorgan Equity Premium Income ETF, or JEPI, has been the top performer with the longest sequence of daily inflows, spanning 160 days.
AUM increases by almost $600 million at BlackRock
The financial institution reports that BlackRock’s spot bitcoin ETF added more than $600 million in assets under management on Monday, increasing its total AUM to 18.16 billion. BlackRock also states that the ETF’s net assets were $17.55 billion as of last Friday’s close.
Since the crypto-based funds started trading in January, Grayscale’s spot bitcoin ETF (ticker GBTC) has remained the largest, but recent trends—such as steady withdrawals—seem to indicate it could lose that title to BlackRock’s competing offering.
BlackRock’s ETF has a lower fee than Grayscale’s fund, which is a conversion of its flagship fund that started with roughly $30 billion in inflows when it opened earlier this year.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
