Market Cap: $2.7126T -0.540%
Volume(24h): $72.8046B 9.300%
  • Market Cap: $2.7126T -0.540%
  • Volume(24h): $72.8046B 9.300%
  • Fear & Greed Index:
  • Market Cap: $2.7126T -0.540%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83613.281522 USD

-0.31%

ethereum
ethereum

$1907.196020 USD

-0.12%

tether
tether

$0.999991 USD

-0.02%

xrp
xrp

$2.346667 USD

-0.01%

bnb
bnb

$638.706352 USD

6.12%

solana
solana

$128.851013 USD

-3.46%

usd-coin
usd-coin

$1.000040 USD

0.01%

dogecoin
dogecoin

$0.173959 USD

1.06%

cardano
cardano

$0.724425 USD

-0.57%

tron
tron

$0.214243 USD

-1.65%

pi
pi

$1.351541 USD

-9.35%

unus-sed-leo
unus-sed-leo

$9.827847 USD

0.06%

chainlink
chainlink

$13.795794 USD

-1.22%

toncoin
toncoin

$3.420442 USD

0.21%

stellar
stellar

$0.273472 USD

1.29%

Cryptocurrency News Articles

BlackRock's Bitcoin ETF Became the Third Largest ETF in Year-to-Date Flows

Oct 21, 2024 at 10:49 pm

The fastest growing ETF in history

BlackRock's Bitcoin ETF Became the Third Largest ETF in Year-to-Date Flows

Wall Street showed strong demand for Bitcoin products in the last week of October, with $1.1 billion in new cash being absorbed by BlackRock's spot Bitcoin exchange-traded fund (ETF).

Bitcoin (BTC) has become a key focus for U.S. wealth management giant BlackRock as its spot Bitcoin ETF outperformed several traditional finance offerings.

Investors have poured $26 billion into BlackRock's IBIT, 10 months after spot Bitcoin ETFs debuted in mid-January. The fund has broken into the top 2% of all ETFs in the U.S., and last week’s inflows marked another milestone for BlackRock's Bitcoin ETF.

BlackRock's IBIT accounted for half of the $2.2 billion in inflows recorded by U.S. spot Bitcoin ETFs between Oct. 14 and Oct. 18. The $1.1 billion inflows buoyed IBIT to the third highest flows year-to-date. It was also IBIT’s best week since March, confirming its status as the fastest-growing ETF on Wall Street, and in financial history.

JUST IN: 🇺🇸 BlackRock’s #Bitcoin ETF became the third largest ETF in year-to-date flows.

The fastest growing ETF in history 🙌 pic.twitter.com/TOXDpWA7KK

The success of U.S. spot Bitcoin ETFs has garnered consistent media attention and sparked policy discussions around Bitcoin as an asset. While similar discussions surround Ethereum (ETH) spot Ether ETFs have seen more modest milestones compared to their Bitcoin counterparts.

BlackRock's IBIT alone overshadowed the $7.35 billion deposited into the entire spot Ethereum ETF array. However, Bitwise CIO Matt Hougan believes Ethereum ETFs will ultimately succeed.

Hougan noted that while issuers may have brought Ethereum ETFs to market too early, Ethereum’s expanding ecosystem and appeal to institutional investors through its smart contract capabilities will likely attract more capital to ETH funds in the coming years.

Existing crypto funds have also encouraged new filings for digital asset ETFs. Bitwise submitted paperwork with the Securities and Exchange Commission for an (XRP) ETF and a BTC-Treasury ETF. Canary Capital, a firm started by Valkyrie’s founder Steven McClurg, also filed for a spot Litecoin (LTC) fund.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Mar 18, 2025