TechFlow news, October 21 — Bloomberg senior ETF analyst Eric Balchunas posted on social media stating, "BlackRock's spot Bitcoin ETF IBIT had an exceptionally strong week, attracting $1.1 billion in new inflows—the best weekly performance since March. It has now surpassed VTI and ranks third on the year-to-date inflows leaderboard (remarkable for a new product launched this late in the year, especially considering the other top five funds have over 20 years of history and assets exceeding $300 billion each). IBIT’s assets under management stand at $26 billion, placing it within the top 2% of all ETFs."
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