The two quarterly filings submitted by BlackRock yesterday laid out the inflows and outflows of funds in the second quarter.
For the Bitcoin spot fund $BTC , this quarter it received $4.3 billion in subscriptions and paid out $7.2 billion in redemptions, resulting in a net decrease of $2.9 billion. The other Ethereum spot fund $ETH received $943 million, paid $1.5 billion in redemptions, for a net decrease of $583 million. Combined, the two funds saw a net reduction of $3.5 billion.
In the same period last year, these two funds had a combined net increase of $13.9 billion. Over the course of a year, this line swung by $17.4 billion.
Another line in the filings lists the assets delivered due to redemptions: 106,148 units of Bitcoin and 770,839 units of Ethereum. A footnote specifies that $3.85 billion worth of Bitcoin and $904 million worth of Ethereum were subject to in-kind settlement and therefore cannot be counted as open-market sales. Who initiated the redemptions was not disclosed in the filings.
In the first three trading days of August, $562 million flowed back, equivalent to 15.9% of the shortfall in the second quarter. To make up that pace, it would take nineteen trading days.
The subscription surge from last year is now being replayed in the opposite direction.
#贝莱德 #ETF #institutional funds
For the Bitcoin spot fund $BTC , this quarter it received $4.3 billion in subscriptions and paid out $7.2 billion in redemptions, resulting in a net decrease of $2.9 billion. The other Ethereum spot fund $ETH received $943 million, paid $1.5 billion in redemptions, for a net decrease of $583 million. Combined, the two funds saw a net reduction of $3.5 billion.
In the same period last year, these two funds had a combined net increase of $13.9 billion. Over the course of a year, this line swung by $17.4 billion.
Another line in the filings lists the assets delivered due to redemptions: 106,148 units of Bitcoin and 770,839 units of Ethereum. A footnote specifies that $3.85 billion worth of Bitcoin and $904 million worth of Ethereum were subject to in-kind settlement and therefore cannot be counted as open-market sales. Who initiated the redemptions was not disclosed in the filings.
In the first three trading days of August, $562 million flowed back, equivalent to 15.9% of the shortfall in the second quarter. To make up that pace, it would take nineteen trading days.
The subscription surge from last year is now being replayed in the opposite direction.
#贝莱德 #ETF #institutional funds