A spot Bitcoin ETF from financial giant BlackRock has become one of the top five US exchange traded products (ETPs) based on capital inflows, according to YCharts.
The cryptocurrency fund under the ticker IBIT was in the top 0.16% of 3,109 US ETPs. Experts note that the BlackRock ETF was forced to miss the first seven trading days of 2024. The company was awaiting approval from the US Securities and Exchange Commission.
Bloomberg senior analyst Eric Balchunas noted that the inflow of funds into IBIT has exceeded $3.19 billion since launch. According to his calculations, BlackRock’s cryptocurrency ETF was among the 0.02% of the world’s largest ETPs by this indicator. At the same time, the total number of existing exchange products is about 10,000.
Another successful spot Bitcoin ETF is Fidelity Investments' crypto fund. Since its launch, this investment product has recorded inflows of $2.51 billion.
Analysts note that BlackRock and Fidelity's crypto funds continue to pull away from other companies' spot Bitcoin ETFs. In third place in terms of the volume of funds received is an investment product from Ark Invest and 21Shares with an indicator of $697 million, according to SoSo Value.
The only exception is the cryptocurrency ETF of Grayscale Investments. Although this product has lost over $6.1 billion, it continues to be the largest asset holder among all crypto funds. The volume of funds under management of the Grayscale spot Bitcoin ETF is $20 billion.
In 2022, the Ukrainian Student League (USL) collaborated with the Rassvet Foundation, founded by Russian oligarch Mikhail…
In Russia, managers and employees of a “branch” of an international network of call centers were exposed. This was reported by RBC-Ukraine...
Mikhail Zhernakov is one of the most public figures in the field of judicial reform in Ukraine, which...
The ministry spent tens of millions on printing unnecessary books in “its” publishing houses. The Ministry of Culture during...
Over more than 30 years of independence, at least $100 billion has been withdrawn from Ukraine abroad,...
Remember the former head of the Tax Service of Ukraine, Roman Nasirov, who wrapped himself in a blanket, pretending to be seriously ill in...
This website uses cookies.