Summary:

• BlackRock's Larry Fink believes IBIT is the fastest-growing ETF in history.

• Grayscale’s GBTC continues to hemorrhage and faces losing its status as the largest Bitcoin fund.

• ARK Invest’s Bitcoin ETF saw daily inflows increase 5x.

BlackRock, the world’s largest asset management company, has literally taken the cryptocurrency market by storm with the launch of the Bitcoin ETF IBIT in January 2024. Since its launch, IBIT has seen record inflows every day and its assets under management have exceeded $13.8 billion.

BlackRock Bitcoin ETF Becomes Fastest-Growing ETF

In a recent interview, BlackRock CEO Larry Fink reiterated his bullish stance on Bitcoin and said he was pleasantly surprised by the acceptance the BlackRock IBIT Bitcoin ETF has seen since its launch two months ago .

On Wednesday, March 27, BlackRock Bitcoin ETF IBIT set another record inflows worth $323 million, taking assets under management to more than $13.8 billion. At this rate, BlackRock will be one week away from overtaking the Grayscale Bitcoin ETF GBTC, which was once the largest digital asset fund in history. Interestingly, this growth also makes BlackRock the fastest-growing ETF in ETF history to date, Fink said.

Thanks to the huge success of its Bitcoin ETF, BlackRock’s Larry Fink is also very confident in approving a spot Ethereum ETF. He said that even if the US SEC classifies Ethereum as a security, approval is still possible.

On the other hand, Grayscale Investment’s GBTC continues to experience capital outflows every day. On Wednesday, GBTC saw another $3 billion in outflows. At that point, the fund had lost more than $14.6 billion in the past two months. Last week, Grayscale CEO revealed that they would be reducing GBTC fees, but this did not stop the flow of funds outflow.

ARK Invest BTC ETF sees record inflows

On Wednesday, ARK 21Shares’ spot Bitcoin ETF experienced a surge in inflows, setting a new record of $201.8 million. This inflow is nearly five times its average daily inflows and coincides with Bitcoin approaching the $72,000 mark.

Since the ETF’s listing on January 11, daily inflows have quadrupled to $43.9 million through March 27, according to preliminary data from Farside Investors. This figure represents a significant increase from the previous day’s $73.6 million in inflows, while no inflows were recorded on March 25. #贝莱德 #比特币ETF