The King of Bitcoin Etf. While the approval of the Bitcoin ETF in cash by the SEC was a victory for industry, it is above all the fund Ishares Bitcoin Trust blackrock who took advantage of this decision And the latter has just recorded 16 consecutive days of fundraising.
- Blackrock’s Ishares Bitcoin Trust Fund recorded 16 consecutive days of funding, reaching $ 4.7 billion.
- ETF Bitcoin in cash has attracted $ 10.3 billion in entries since the start of the year, despite a recent drop in enthusiasm.
The Ishares Fund in Blackrock records 16 days of consecutive entries
Since its approval, the fund Ishares Bitcoin Trust of Blackrock was the most popular with Bitcoin ETF in cash. And from afar! Indeed, according to data Compiled by Hodl15Capital, the Ishares fund has recorded 16 consecutive days of entrieswhich represents $ 4.7 billion in entries.
By way of comparison, the GBTC de Grayscale recorded $ 3.3 billion in outings over the same period.
For his part, Nate Geracithe president of ETF Store, stressed that the Ishares fund was in the process of reaching the $ 5 billion in new capital ::
“I remember when the detractors did not think that cash flows in cash would attract $ 5 billion in total last year. Ibit alone did this in a few weeks, more than a year after its launch. »»
Nate Geraci, president of ETF Store – Source: X account
Indeed, the Ishares Fund has recorded $ 5.4 billion in entries since the start of the year, which represents more than 50% of all the entries recorded by the CAP ETF in cash.
Bitcoin Etfs continue to seduce
Despite a drop in the craze, the cash ETFs in cash therefore continue to record positive entries even if, according to the data From Farside Investors, the Bitcoin ETF have recorded $ 86 million in outings On the last day of trading on May 6.
In total, since the beginning of the year, these ETPs in cash have recorded $ 10.3 billion in entries And for Eric Balchunas, analyst at Bloomberg, these figures are « A very good sign for the long term ». Better :
“This inspires confidence in our theory according to which the BTC ETF will have the triple active in gold management in 3 to 5 years. »»
Eric Balchunas, analyst at Bloomberg – Source: X account
In an exchange with an internet user who responded to his message, Eric Balchunas specifies that the ETF on gold represents around $ 130 billion while the Bitcoin ETF culminate around 40 billion. He therefore expects even more massive entries in the years to future. And he is not the only one.