BlackRock's Bitcoin ETF has shown impressive performance a year after its launch, drawing attention from industry leaders and investors for its significant assets under management.
Changpeng Zhao's Comments on BlackRock ETF
Changpeng Zhao, co-founder of Binance, commented on the significant growth of BlackRock's Bitcoin ETF on his X platform account. He called the ETF the fastest-growing in history, highlighting that it is only a year old.
Recent Inflow Data
According to the analytics X account @lookonchain, BlackRock's IBIT received inflows of $38.9 million, equivalent to 432 BTC today. The total Bitcoin managed by the fund is valued at $51.57 billion, making BlackRock a current leader among ETFs.
Comparison with Other ETFs
Other funds showed varying results: Grayscale Bitcoin Mini Trust had a slightly smaller inflow of 412 BTC. Fidelity and Ark Invest showed no inflows, while Valkyre Bitcoin Fund saw an outflow of 670 BTC.
BlackRock's IBIT continues to astonish the industry with its rapid growth and sets a new benchmark for other ETFs. Interest in these products remains high, showing immense potential for future cryptocurrency investments.
