Since BlackRock filed for its spot Bitcoin ETF last year, Bloomberg ETF analysts say Eric Balchunas And James Seyffart have provided valuable insights and data on all Bitcoin ETFs. If you’re not already following either of them on X, I highly recommend you do so.
Today, Balchunas shared a new, stunning statistic about BlackRock’s spot Bitcoin ETF IBIT. More than 1,800 ETFs have been launched in the United States over the past four years. Of all these revenues, IBIT has received the most inflow, namely more than $26 billion.
Great statistics, never ceases to amaze. I’ll go one step further: in the last four years, 1,800 ETFs have been launched and… $GA is the most successful of all with $26 billion. https://t.co/8Nq6YwXhYj
— Eric Balchunas (@EricBalchunas) October 24, 2024
BlackRock had another massive inflow yesterday of $323 million, significantly outperforming all its peers. I’m not sure if it’s just their brand name that can outdo the other ETFs, or if they’re marketing IBIT to their clients behind the scenes, making their ETF a standout success. Probably a little bit of both and then some.
These figures once again emphasize that spot Bitcoin ETFs have been a great success in America. Since launch, these ETFs have seen each other inflow in nine of the last ten months, and I have a feeling these inflows won’t stop anytime soon, especially as we move further into the bull market.
While I much prefer investors holding their own keys, I understand that this may not be suitable for large corporations and small retail investors who do not want the responsibilities that come with self-custody.
Like it or not, the institutions are there and they are driving the price of Bitcoin up (for now). I’m very curious to see how these ETFs will hold up in a bear market, and whether they will HODL or if we will see record outflows. Only time will tell.
This article is a To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.