2024

Bitcoin ETF

BlackRock

A major asset management company, BlackRock’s iShares Bitcoin Trust (IBIT), continues its streak with 70 consecutive days of inflows, adding $19.7 million on April 22, according to <a href="https://farside.co.uk/?p=997" target="_blank" rel="noreferrer noopener" data-wpel-link="external">Farside Investors</a> data. 
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 <a href="https://twitter.com/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$IBIT</a> inflow streak currently at 69 DAYS. one more day and it moves into Top 10 and ties <a href="https://twitter.com/search?q=%24JETS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">$JETS</a> (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious, show financial gods have sense of humor via <a href="https://twitter.com/thetrinianalyst?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">@thetrinianalyst</a> <a href="https://t.co/niDzfaKqgp" target="_blank" data-wpel-link="external">pic.twitter.com/niDzfaKqgp</a>— Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1782386163698835663?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 22, 2024</a>
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This marks it among the top-ten ETFs with the longest inflow streaks. IBIT has gathered over $15.4 billion in bitcoins, nearing the top spot in the market. In contrast, Grayscale’s Bitcoin ETF saw continuous outflows. 
Bloomberg’s Eric Balchunas said, “$IBIT inflow streak currently at 69 DAYS. One more day and it moves into Top 10 and ties $JETS (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious.” 
On April 22, Bitcoin spot ETFs saw notable movements, with total net inflows of $62.0899 million. Grayscale’s GBTC had a single-day net outflow of $34.993 million, while Fidelity’s FBTC gained $34.8334 million. 
Fidelity’s FBTC has surpassed IBIT in daily inflows over the past three sessions. Overall, Bitcoin spot ETFs have seen a cumulative net inflow of $12.384 billion. Bitwise’s CEO predicts increased exposure to Bitcoin ETFs by wealth management firms. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/21/wealth-firms-may-buy-more-bitcoin-etf-holdings-bitwise-ceo/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Wealth Firms May Buy More Bitcoin ETF Holdings: Bitwise CEO</a> 
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