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News - Bitcoin ETFs are registering record inflows
The hype surrounding Bitcoin ETFs appears to be continuing two months after their launch. According to data from BitMEX Research the BTC funds traded on the exchange recorded inflows of more than a billion US dollars yesterday, March 12. - A new record.
[1/4] Bitcoin ETF Flow - 12 March 2024
— BitMEX Research (@BitMEXResearch) March 13, 2024
All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of inflow pic.twitter.com/dKFmM3Qvaa
IBIT, the ETF of asset manager Blackrock, accounted for most of the inflows with $849 million (14,706 BTC). Just last week, 12,447 Bitcoin flowed into the IBIT ETF in a single day.
The company is thus further expanding its market share of more than 20 percent. Blackrock now owns more than 200,000 BTC.
In terms of capital inflows, IBIT and FBTC (Fidelity) have even managed to keep up with some of the world's largest ETFs in recent weeks, with their best trading starts in 30 years.
Since its launch on Jan. 11, a net USD 4.1 billion has flowed into IBIT, FBTC and Co. as BitMEX Research reports.
At the time of writing, the Bitcoin price stands at USD 73,447 - a new record.
