IBIT absorbs almost all inflows in Bitcoin ETFs, while Blackrock continues

The Bitcoin ETF from Blackrock, IBIT, has consolidated its dominance on the US spot market for cryptocurrencies and combined almost all inflows of over $ 4.26 billion over a period of ten days.

I have 28. May brought Bitcoin-ETFs $432.7 million in new capital – but almost everything flowed to a single place: Ibit alone attracted $ 481 million. In contrast, FBTC from Fidelity and ARKB from ARK Invest recorded net drains of $ 14 million or $ 34.3 million, while other funds did not record any tributaries at all.

IBIT identified 96% of all tributaries during the current series, a total of $ 4.09 billion in these 10 days. Since his laying on in January, he has collected $ 49 billion-and thus exceeded the contributions of all other Bitcoin ETFs. Meanwhile, Grayscales GBTC continues to lose ground and has recorded net drains of $ 23.1 billions since it was changed.

Ibit has not only led in the last 10 days, but has been on the road to success for more than a month. Since April 9, the fund has recorded 33 trading days in a row without a single drain and achieved $ 9,31 billion during this period. The assets managed now amounts to $ 72 billion, which makes it the 23rd largest ETF in the United States.

Nate Geraci from The Etf Store described the climb of Ibit as “ridiculous” and pointed out that the fund will rank among the five ETFs with the highest traces by 2025 – for a total of over 4,000 ETFs. Eric Balchunas from Bloomberg added that no other ETF in the top 25 had achieved such growth so quickly, the next youngest was over ten years old.

The trading volume of Bitcoin ETFs remains high after it recorded an increase of $ 25 billion last week when BTC reached $ 112,000. On Wednesday, ETFs were traded as a total of $ 3.4 billion, with ibit with $ 2.6 billion almost 80% of the total volume.

Since Bitcoin is currently being traded at $ 108,500, the inflows and dominance of Ibit reflect a larger trend: Blackrock is not only leading, but rewrites the rules what a spot bitcoin ETF can achieve.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.