BlackRock ETF brings in over $3 billion in 5 days after new $230 million inflow

Share This Post

BlackRock’s Bitcoin ETF has accumulated over $3 billion in assets within five days, bolstered by a recent $230 million inflow on Nov. 13.

Farside data shows that from Nov. 07 to Nov. 13, the fund attracted a total of $3.09 billion. Other ETFs also saw significant inflows during this period, with Fidelity’s FBTC gaining $582.8 million and Ark’s ARKB adding $135.3 million.

The latest figures highlight a surge in institutional interest in Bitcoin ETFs. On Nov. 13 alone, BlackRock’s ETF saw an inflow of $230.8 million, while Fidelity’s ETF received $186.1 million. Smaller players like Bitwise and VanEck also recorded positive movements, contributing to the overall inflow of $4.1 billion across all tracked ETFs.

This trend follows recent market developments, including Bitcoin’s price reaching $93,400 after the US election results. The substantial inflows suggest that investors are increasingly seeking exposure to Bitcoin through regulated financial instruments.

Grayscale’s GBTC and BTC products experienced mixed results, with GBTC adding $13.7 million over the five days and BTC seeing an increase of $125 million. Despite some fluctuations, the overall momentum remains strong across various ETF offerings.

DateBlackRock (IBIT)Fidelity (FBTC)Bitwise (BITB)Ark (ARKB)Invesco (BTCO)Franklin (EZBC)Valkyrie (BRRR)VanEck (HODL)WTree (BTCW)Grayscale (GBTC)Grayscale (BTC)Total
Nov. 071119.9190.913.417.60.00.00.04.30.07.320.41373.8
08 Nov206.133.523.00.00.017.80.013.00.00.00.0293.4
11 Nov756.5135.142.7108.68.710.10.00.00.024.228.21114.1
12 Nov778.337.20.0-5.40.00.00.010.10.0-17.815.1817.5
13 Nov230.8186.112.314.50.00.00.05.10.00.061.3510.1
Total3091.6582.891.4135.38.727.90.032.50.013.7125.04108.9

The inflow patterns indicate a shifting landscape in Bitcoin ETF investments, where institutional players are making significant moves. The data reflects a broader adoption and could signal continued growth in the sector.

The post BlackRock ETF brings in over $3 billion in 5 days after new $230 million inflow appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

WIF Shakes Off Setbacks As Bullish Resurgence Targets More Gains

WIF is making a powerful return to the market, as bullish momentum takes hold and drives the price higher After showing signs of resilience, the digital asset is on an upward trajectory, with strong

Solana (SOL) and Chainlink (LINK) Skyrocketed Despite BTC Dominance – Will This New Exchange-Based Crypto Flip BNB? 

The post Solana (SOL) and Chainlink (LINK) Skyrocketed Despite BTC Dominance – Will This New Exchange-Based Crypto Flip BNB  appeared first on Coinpedia Fintech News Like they say, it’s

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

The SEC’s record-breaking enforcement year revealed unprecedented financial penalties and bold action against high-risk sectors, including crypto and private funds, marking a pivotal moment for

The gaming lesson from Off The Grid and Telegram? Put blockchain in the background

The following is a guest post from Leo Li, CVO and Chief Growth Officer at CARV Off The Grid could be the mainstream moment we’ve been waiting for in web3 gaming – not because it flaunts

XRP On The Rise: Bullish Resilience Signals Potential Rally To $1.9

XRP continues to shine as bullish momentum propels the price closer to the $17 target This steady climb highlights the strength of buyer confidence and reinforces the optimism surrounding its upward

Ethereum Price Repeats ‘Bullish Megaphone’ Pattern From 2017 – Why $10,000 Is Possible

The Ethereum price has formed a key technical pattern reminiscent of the one observed in 2017 when the cryptocurrency embarked on a major bull rally According to a crypto analyst, this pattern, known