BlackRock’s Bitcoin ETF, IBIT, has achieved a notable milestone positioning itself among the top 10 exchange-traded funds with the longest streaks of daily inflows.
U.S.-based spot Bitcoin exchange-traded funds recorded a total net inflow of $62 million on Monday, with Fidelity’s FBTC leading.
BlackRock Bitcoin ETF IBIT has hit a new milestone recently recording 70 consecutive days of inflows ever since the launch this year in January 2024. This puts BlackRock’s Bitcoin investment fund among the top 10 exchange-traded funds with the longest streak of daily inflows.
ccording to BlackRock, their spot Bitcoin ETF saw a notable increase in assets under management (AUM) on Monday, adding over $600 million. This surge propelled its total AUM to $18.16 billion. As of the previous Friday’s close, the ETF held $17.55 billion in net assets, as reported by BlackRock.
Earlier in the day, Eric Balchunas, a senior ETF analyst at Bloomberg, shared a visual representation on X highlighting a s
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