Cryptocurrency ETFs continue to show steady growth. Over the past two days, inflows into Bitcoin ETFs amounted to more than $1 billion, raising the total cumulative inflow to nearly $50 billion.
Inflows into Bitcoin ETFs
According to Farside Investors, the cumulative inflows into Bitcoin ETFs reached $49.622 billion. This followed a period in which the funds had an interruption of inflows with $342.2 million in outflows at the beginning of July.
IBIT and Its Market Successes
BlackRock's IBIT ETF has achieved significant success, gathering over $52.6 billion in cumulative inflows. The fund did not record new inflows on July 2 but then saw $224.5 million added the following day.
Analyst Comments on the Funds
Nate Geraci, President of Novadius Wealth, noted that since its launch in January 2024, IBIT has only experienced one month of outflows. Bloomberg analyst Eric Balchunas reported that IBIT has become the third largest revenue-generating ETF for BlackRock out of 1,197 funds.
Crypto ETFs continue to attract investor attention. Inflows into Bitcoin ETFs indicate a strong market interest, while IBIT stands out for its high revenue and inflows.
