11 Months to Surpass $36.3 Billion, Is BlackRock's IBIT the ETF with the Highest Inflows in a Decade?
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11 Months to Surpass $36.3 Billion, Is BlackRock's IBIT the ETF with the Highest Inflows in a Decade?
IBIT has outperformed approximately 2,850 ETFs.
Navigating Web3 tides with focused insightsSource: cryptoslate
Compiled by: Blockchain Knight
BlackRock's spot BTC ETF (IBIT) recorded $418.8 million in net inflows on December 16, making it the most successful ETF launch in over a decade.
Nate Geraci, CEO of The ETF Store, emphasized that IBIT has outperformed approximately 2,850 other ETFs.
Geraci added, "In other words, IBIT has accumulated more lifetime inflows than any ETF launched since 2014 — and it achieved this in just over 11 months."
According to data from Farside Investors, IBIT has amassed $36.3 billion in positive net inflows since launch, surpassing the total $36.2 billion in inflows received by all spot BTC ETFs traded in the U.S.
This amount is nearly three times higher than the $12.4 billion in inflows into Fidelity’s FBTC, the second-largest spot BTC ETF.
Moreover, IBIT also holds the record for the highest single-day inflow among BTC ETFs, exceeding $1.1 billion in one day.
This is more than double the previous single-day record of $473.4 million held by FBTC, the second-largest daily inflow for a spot BTC ETF.
Notably, despite Grayscale’s GBTC experiencing $21 billion in outflows since its conversion, spot BTC ETFs have still attracted over $36 billion in net inflows year-to-date.
Crypto-related ETFs have been one of the market’s dominant themes this year, offering institutional investors in the U.S. a regulated way to gain exposure to BTC and Ethereum.
Analysts believe crypto ETFs have been one of the key drivers behind BTC’s significant price increase this year.
In a recent report, Bitfinex analysts pointed out that ETF adoption is one of the major catalysts capable of altering BTC’s previous cycle patterns.
In addition, Eric Balchunas, senior ETF analyst at Bloomberg, highlighted the rapid growth of BTC ETFs.
The total assets under management (AUM) of these products traded in the U.S., including futures and leveraged ETFs, have reached $130 billion, exceeding gold ETFs’ $128 billion.
Even considering only the nearly $117 billion AUM of spot BTC ETFs, Balchunas said it was “unreal” for BTC ETFs to come so close to gold ETFs in just 11 months after launch.
Bitwise also identified ETFs as one of two key catalysts for Ethereum’s potential strong growth next year.
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