Bitcoin Spot ETFs Now A Major Source Of Inflow For Fund Managers – Here Are The Figures | Bitcoinist.com



Since
launching,
the


Spot
Bitcoin
ETFs


have
achieved
immense
success
with
mass
adoption,
which
they
have
enjoyed
among


institutional
investors
.
Thanks
to
this,
inflows
into
these
funds
have
accounted
for
most
of
the
inflows
that
their
respective
issuers
have
recorded
since
the
year
began. 

Spot
Bitcoin
ETFs
A
Major
Source
Of
Inflows
For
Fund
Issuers


Bloomberg
analyst
Eric
Balchunas
revealed
in
an
X
(formerly
Twitter)


post


BlackRock’s


iShares
Bitcoin
Trust
(IBIT)


has
accounted
for
26%
of
the
flows
that
the
asset
manager
has
seen
this
year
across
all
its
listed
exchange-traded
funds
(ETFs).
For
context,
BlackRock

How To Get Free Crypto  


currently


has
433
listed
funds
on
the
market.  


Balchunas
also
revealed
that
the


Fidelity
Wise
Origin
Bitcoin
Fund
(FBTC)


has
accounted
for
56%
of
Fidelity’s
flows
this
year.
Interestingly,
IBIT
and
FBTC
have
been
the
most
successful
Spot
BTC
ETFs,


recording


total
inflows
of
$16.6
billion
and
$8.9
billion
since
they
launched. 


BlackRock’s
IBIT
also


recently
surpassed


Grayscale’s
Bitcoin
Trust
(GBTC)
to
become
the
largest
Spot
Bitcoin
ETF.
Grayscale’s
GBTC
had
initially
operated
as
a
close-end
fund
before
converting
to
a
Spot
ETF,
which
was
why
it
was
the
largest
Bitcoin
ETF
when
these
funds
launched.


However,
Grasyacle’s
GBTC
has
since
experienced
significant
outflows,
allowing
BlackRock
to
overtake
it
as
the
largest
Bitcoin
ETF.


Data


from
the
on-chain
analytics
platform
Arkham
Intelligence
shows
that
Grayscale’s
GBTC
currently
holds
287
BTC
while
BlackRock
currently
holds
almost
290
BTC. 


However,
despite
the
impressive
success
that
BlackRock
and
Fidelity
have
achieved,
these
asset
managers
haven’t
recorded
the
most
inflows
since
the
start
of
this
year.
Balchunas
shared
a
chart
that
showed
that
Vanguard,
which
doesn’t
offer
any
Bitcoin
ETF,
was
leading
all
ETF
issuers
in
year-to-date
(YTD)
flows
with
an
inflow
of
$102.8
billion. 

Coinbase Banner  


BlackRock


is
currently
ranked
second
with
YTD
flows
of
$65.1
flows
of
$65.1
billion.


Invesco
,
another
Spot
BTC
ETF
issuer,
is
ranked
third
with
a
YTD
flow
of
$34.7.
However,
Invesco’s
Spot
Bitcoin
ETF
has
only
accounted
for
0.95
of
these
flows,
having
recorded
$317.3
million
in
total
net
inflows
since
the
year
began. 

Big
Things
Still
To
Come
For
Spot
ETF
Issuers


With
the


bull
market


yet
to
kickstart
in
full
force,
these


Spot
Bitcoin
ETF
issuers


are
expected
to
record
higher
net
inflows
as
this
market
cycle
progresses.
This
means
that


BlackRock


and
Invesco
could
still
give
Vanguard
a
run
and
possibly
surpass
the
asset
manager. 


Moreover,
these
Spot
Bitcoin
ETF
issuers
are
again
seeing
increased
demand
for
their
funds
after
recording
a
lengthy
period
of
significant
outflows
in
April.
Specifically,
BlackRock
has
continued
to
enjoy
an
impressive
run,
with
the
asset
manager
recording
a


net
inflows


of
$169.1
million
on
May
31. 

BTC
bulls
take
control
from
bears
|
Source:

BTCUSD
on
Tradingview.com

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

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Author: Scott Matherson


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