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More than $17 billion in net inflows
6:40 p.m. ▪ 3 min reading ▪ by Mikaia A.
The democratization of bitcoin via ETFs is in full swing. These financial instruments are enjoying remarkable success, allowing investors to turn to regulated investments. Currently, bitcoin ETFs are recording record inflows, demonstrating a growing craze for this cryptocurrency. This text explores the reasons for this success and the performances of the main players in the market.
Bitcoin and ETFs: a financial revolution
After their approval last JanuaryBitcoin ETFs are experiencing a real boom in the United Stateswith cumulative net inflows exceeding $17 billion. This figure, verified by Farside Investorshighlights a strong demand for these regulated investment vehicles.
BlackRock, with its IBIT Exchange Traded Funddominates the market, having accumulated nearly $19 billion Fidelity is not far behind, contributing nearly $10 billion in net inflows.
- Record net inflows: over $17 billion
- Fidelity FBTC: $9.962 billion
- Grayscale’s GBTC: A Disappointment with Net Outflows of $18.694 Billion
However, not all ETFs are treated the same. Grayscale’s GBTC suffered substantial net outflowsindicating a change in investor preference.
Despite daily variations in inflows, interest in these ETFs generally remains stable, as evidenced by a total of $16.59 billion in inflows since their launch in January.
BlackRock: the leader in Bitcoin ETFs
THE BlackRock’s astonishing success in the Bitcoin ETF space is undeniable. Their IBIT fund recently reached new heights, with assets under management exceeding $20 billion.
This increase is mainly due to the recent acquisition of 4,004 additional bitcoins and a 3% increase in the price of bitcoin since markets closed last Monday.
In May, BlackRock had already exceeded this 20 billion mark. thanks to a rapid rise in bitcoin towards $70,000.
As one Farside Investors analyst points out:
“BlackRock’s performance reflects the growing integration of bitcoin into traditional investment portfolios.”
This trend is confirmed by trading volumes which, although fluctuating, show an increased acceptance of cryptocurrency in traditional financial circles.
Bitcoin’s current price of $66,994 remains volatile, having seen a 2.33% decline since July 17.
Bitcoin ETFs continue to attract massive investmentsillustrating the growing interest in digital assets. With record inflows and gradual integration into traditional wallets, bitcoin is establishing itself as a cornerstone of modern finance.
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Mikaïa A.
The blockchain and crypto revolution is underway! And the day the impacts will be felt on the most vulnerable economy in this World, against all hope, I will say that I had something to do with it
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be considered investment advice. Do your own research before making any investment decision.