“IBIT, the Bitcoin Spot ETF by BlackRock, Surges into the Top Ten Historical Rankings with 70 Consecutive Days of Net Fund Inflows”

BlackRock, the world’s largest asset management company, has achieved a record of 70 consecutive days of net inflows with its “iShares Bitcoin Trust (IBIT)” issued.
After the US Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs in January this year, it opened the door for many traditional institutions with assets in the hundreds of billions to invest in Bitcoin compliantly.
Among them, the “iShares Bitcoin Trust (IBIT)” issued by BlackRock, the world’s largest asset management company, has achieved a record of 70 consecutive days of net inflows as of yesterday (22nd).
IBIT’s consecutive 70-day inflow has made it one of the most successful ETFs in history.
According to data from HODL15Capital, BlackRock’s Bitcoin spot ETF had a total inflow of $20 million on the 22nd. In addition, according to data from SosoValue, the ETF had a net inflow of $19.65 million on the same day.
This also means that BlackRock’s Bitcoin spot ETF (IBIT) has officially entered the top ten longest consecutive inflows and is likely to continue breaking this record.
With assets under management surpassing $18.1 billion, it is about to surpass GBTC.
It is understood that BlackRock’s Bitcoin spot ETF saw its assets under management increase by more than $600 million yesterday, bringing its total assets under management to $18.16 billion. According to BlackRock, as of last Friday’s close, the ETF’s net assets were $17.55 billion.
Furthermore, according to data from The Block, the largest Bitcoin spot ETF in terms of assets under management (AUM) is GBTC issued by asset management company Grayscale, followed by IBIT issued by BlackRock. It is worth noting that the difference in AUM between the two is less than $2 billion.
On the other hand, according to data from SosoValue, after the official approval of the Bitcoin spot ETF, GBTC’s daily net inflows have been negative, and it is estimated that soon IBIT’s assets will surpass GBTC.