According to data compiled by Farside Investors, ETF funds have recorded significant inflows on Wednesday, primarily due to the success of BlackRock iShares Bitcoin Trust.
ETF Market Performance
On Wednesday, $432.7 million was recorded as net inflows for ETF funds. BlackRock’s iShares Bitcoin Trust (IBIT) was the primary source of these inflows, accounting for $481 million, while other funds, such as ARKB and FBTC, experienced outflows of $34.3 million and $14 million, respectively.
Impact of BlackRock iShares Bitcoin Trust
IBIT has proven to be the driving force behind this momentum. Over the current 10-day streak, BlackRock’s fund contributed a staggering $4.09 billion, representing approximately 96% of the total inflows into ETF funds.
Comparison with Other Funds
Since launching in January 2024, IBIT has attracted $49 billion in total inflows, exceeding the entire sector’s cumulative $45.6 billion, excluding Grayscale’s converted GBTC. At the same time, the total outflows from Grayscale amounted to $23.1 billion.
BlackRock iShares Bitcoin Trust continues to strengthen its position in the market, attracting significant investments even amidst outflows from other funds.
