BlackRock’s bitcoin exchange-traded fund (ETF), IBIT, received a net inflow of $527 million, which is the highest daily amount since mid-March. Ten bitcoin exchange-traded funds (ETFs) in the United States, excluding Bitwise’s BITB, saw a total net inflow of $533.57 million.
Among them, BlackRock’s IBIT was the most actively traded. Fidelity’s FBTC came in second with a total of $23.72 million. The BTCO fund, overseen by Invesco and Galaxy Digital, attracted contributions totaling $13.65 million, whereas Franklin Templeton’s fund saw inflows of $7.87 million.
The HODL fund managed by VanEck had a net outflow of $38.37 million. Since obtaining approval in January, U.S. spot bitcoin exchange-traded funds (ETFs) have attracted $17.59 billion in net inflows, leading to a combined market capitalization exceeding $62 billion.
According to Bloomberg analyst Eric Balchunas, Ethereum ETFs situated in advantageous locations can attract significant investments. Balchunas predicts that these funds may potentially account for 10 to 15% of the total assets held by spot bitcoin ETFs.
