BlackRock's IBIT Captures 115% of Bitcoin ETF Inflows in One Day
BlackRock's spot Bitcoin ETF (IBIT) dominated U.S. ETF flows, pulling in more than the entire market's net gain as competing funds collectively bled capital.
The U.S. spot Bitcoin ETF market posted a net inflow of $242.3 million for the day. IBIT's intake exceeded that figure meaning outflows from rival funds offset their gains, leaving only BlackRock's product driving the positive total. Five smaller funds recorded positive flows but were unable to keep the non-IBIT segment above zero in aggregate.
The result underscores IBIT's growing dominance in the spot Bitcoin ETF space, with competing products struggling to retain capital even during days when the broader market sees net inflows.
#FedSeptRateHikeOddsRiseTo57% #WarshSaysInflationIsFedTopFocus
BlackRock's spot Bitcoin ETF (IBIT) dominated U.S. ETF flows, pulling in more than the entire market's net gain as competing funds collectively bled capital.
The U.S. spot Bitcoin ETF market posted a net inflow of $242.3 million for the day. IBIT's intake exceeded that figure meaning outflows from rival funds offset their gains, leaving only BlackRock's product driving the positive total. Five smaller funds recorded positive flows but were unable to keep the non-IBIT segment above zero in aggregate.
The result underscores IBIT's growing dominance in the spot Bitcoin ETF space, with competing products struggling to retain capital even during days when the broader market sees net inflows.
#FedSeptRateHikeOddsRiseTo57% #WarshSaysInflationIsFedTopFocus
