BlackRock’s IBIT Records Daily Net Inflows as Spot Bitcoin ETFs Surge to $12.8 Million

Tuesday, 17 September 2024, 10:02

BlackRock’s IBIT has clocked its first daily net inflows in three weeks, showing a growing interest in spot Bitcoin ETFs, which successfully attracted $12.8 million. Conversely, spot Ethereum exchange-traded funds faced outflows of $9.4 million on the same day. This movement in the cryptocurrency market highlights the shifting dynamics among digital assets.
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BlackRock’s IBIT Records Daily Net Inflows as Spot Bitcoin ETFs Surge to $12.8 Million

BlackRock’s IBIT has clocked its first daily net inflows in three weeks, marking a pivotal shift in market trends. Investors have shown renewed interest in spot Bitcoin ETFs, which significantly attracted $12.8 million during this period. In contrast, spot Ethereum exchange-traded funds faced combined daily net outflows of $9.4 million on Monday. This divergence in performance underscores the evolving landscape of cryptocurrency investments and investor sentiment.

Market Shifts

The increase in inflows for Bitcoin is a crucial indicator of changing sentiment. Analysts suggest that the growing acceptance of Bitcoin ETFs could be influencing investors as they seek more accessible pathways to participate in the digital currency market.

Comparative Performance

  • Spot Bitcoin ETFs: +$12.8 million
  • Spot Ethereum Funds: -$9.4 million

As financial institutions like BlackRock continue to innovate in the ETF space, the performance metrics of these products offer insight into the wider investment climate.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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