Elite

Bitcoin ETF

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>BlackRock’s spot Bitcoin ETF has witnessed continuous growth for 70 days, making it one of the top 10 ETFs.</li> 
 <li>BlackRock’s spot Bitcoin ETF added over $600 million in net inflows on Monday, taking its total assets under management to $18.2 billion.</li> 
</ul>  
<p>BlackRock’s spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> ETF has been on a steady growth trajectory, witnessing consistent net inflows for 70 consecutive days. This performance has catapulted it into the top 10 exchange-traded funds (ETFs) with the longest daily inflow streaks.</p> 
<h2 id="historical-achievement">Historical Achievement</h2> 
<p>Eric Balchunas, a senior ETF analyst, shared a graphic indicating that if BlackRock’s fund achieved a 70th consecutive day of net inflows, it would be among the most successful ETFs in history. The JETS exchange-traded fund, comprising shares from the airline industry, also achieved 70 straight days of inflows. Prior to BlackRock’s achievement, JETS was the sole holder of the 10th spot.</p> 
<p>The JPMorgan Equity Premium Income ETF, JEPI, holds the record for the longest streak of daily inflows with 160 days, as per Balchunas’ post.</p> 
<h2 id="financial-milestone">Financial Milestone</h2> 
<p>On Monday, BlackRock’s spot Bitcoin ETF added a net inflow of over $600 million, pushing its total assets under management (AUM) to $18.2 billion.</p> 
<p>The Grayscale’s spot Bitcoin ETF, GBTC, has held the lead as the largest among crypto-based funds since trading began in January. However, recent trends, including consistent outflows, suggest it may lose its leading position to BlackRock’s ETF. Grayscale’s fund, a conversion of its primary fund, launched earlier this year with nearly $30 billion in AUM but charges a higher fee than BlackRock’s ETF.</p>

Stellar 70-day Growth Streak Puts BlackRock’s Bitcoin ETF in Elite League

Table of Contents

crypto.ro global

Outros artigos publicados em 23 de abr. de 2024

XRP Skyrockets to New All-Time High in Millionaire Addresses

The Potential Wormhole Airdrop Guide: How to Check for the $W Token Airdrop?

Analysts Predict Two-Month Delay for Bitcoin Halving’s Bullish Impact

TRON (TRX) and Chainlink (LINK) investors rush to join Raboo’s (RABT) presale

ViaBTC Unleashes ‘Epic Sat’, After Withholding Rewards from Bitcoin’s Halving Block Mining

Cardano (ADA) Price Trends and AI Predictions

Join our free newsletter for daily crypto updates!