The recent surge in Bitcoin's value, now over $70,000, has significantly impacted the cryptocurrency investment landscape, particularly in the realm of Exchange-Traded Funds (ETFs). BlackRock's Bitcoin ETF, notably, has achieved a remarkable milestone by amassing over $10 billion in assets under management (AUM) in less than two months, setting a new record for the fastest growth to this threshold in U.S. ETF history. This rapid accumulation of assets outpaced the previous record held by the first Gold ETF, which took more than two years to reach the same mark after its launch in November 2004. Additionally, the collective AUM of the newly introduced Bitcoin Spot ETFs, referred to as the "newborn nine," is quickly becoming a formidable force in the investment world, with total assets significantly increasing from their inception in January to over $55.3 billion today. This surge in Bitcoin ETFs' popularity and AUM is part of a broader trend of substantial weekly inflows into cryptocurrency investment products, totaling $1.84 billion, with Bitcoin dominating 94% of this influx, highlighting a growing investor interest and confidence in Bitcoin as a viable asset class. The total volume traded for these ETFs has reached an astonishing $110 billion.
[1/4] Bitcoin ETF Flow - 11 March 2024 All data in. A strong day with $505.5m net inflow. Blackrock again leading with $562.9m of inflow https://t.co/RDP8HNUvU1
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Bitcoin ETF Flow (US$ million) - 2024-03-11 TOTAL NET FLOW: 505.6 (Provisional data) IBIT: 562.9 FBTC: 215.5 BITB: 50 ARKB: 13 BTCO: -9.7 EZBC: 0 BRRR: 43.4 HODL: 118.8 BTCW: 5.8 GBTC: -494.1 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk
We now have five US spot #bitcoin ETFs over $2 billion in assets with $BITB joining the club Out of ~3,500 US ETPs there are only 445 with over $2 billion in assets Going a step further -- only 157 have more than $10 Billion. $GBTC & $IBIT are there. $FBTC is getting close https://t.co/Yc7N3OBquH
Why Bitcoin ETFs could ‘conquer’ gold ETFs within months https://t.co/wkEbCFjFgU
Bitcoin ETF Surge Leads Crypto Funds to Record-Breaking $2.7 Billion in Weekly Gains ► https://t.co/AVuvF3qYeP https://t.co/AVuvF3qYeP
Today, $BITB crossed $2B in AUM two months after launch. We’re grateful to the advisors, institutions, and individuals who have entrusted Bitwise as their crypto specialist. - Lowest-cost bitcoin ETF among those with at least $1 billion in AUM - Largest inflows of any crypto… https://t.co/EW4lmylnws
Last week, the 9 new ETF’s received 55.78K BTC ($3.68B) of inflows. There were only 28.41K BTC ($1.86B) of outflows from GBTC addresses. At this rate, ETF inflows are almost double the outflows. Here’s a breakdown: https://t.co/RPdNR2BEaL
NEW: Bloomberg's @EricBalchunas reports "#Bitcoin ETFs will likely find gold too easy to conquer... In their first two months, the 10 ETFs have almost doubled assets to $55 billion on a pace to pass gold ETFs in size in a few months rather than years." https://t.co/Eh7cQ5JCO3
If you sum the AUM of the 11 spot Bitcoin ETFs approved by the SEC in January, it amounts to ~$54.4 billion. That's only ~2.5 billion below the world's largest Gold ETF $GLD https://t.co/WklkFTIF5g
Over $100,000,000 of $BITB traded today in about 2 hours. Bitcoin over $70,000! Happy for investors. And happy to see the wider world recognizing the value of this space. Onward — [BITB disclosures & prospectus: https://t.co/pAJUG8a2N6]
Bitcoin ETFs leapfrog Grayscale’s haul in ‘scary fast’ surge https://t.co/uLGWzhkeQS
JUST IN: BlackRock's iShares #Bitcoin Trust has not just set a record; it's obliterated it, hitting $10 billion faster than any US ETF ever - in under 2 months, leaving Invesco QQQ's year-plus milestone in the dust. Let that sink in. #Btc #RecordBreaker https://t.co/OR6GMTPFGn
JUST IN: BlackRock and Fidelity #Bitcoin ETFs are ranked 3rd and 4th of inflows among all ETFs in 2024, with more than $16 Billion between the two. 🫡 @EricBalchunas https://t.co/iZf8Io1YZS
Weekly net inflows into US spot bitcoin ETFs hit $2.2 billion again — and BlackRock’s fund has grown to about half the size of GBTC https://t.co/smvmT4VWK2
‼️JUST IN: #Bitcoin ETFs now have more than $55 Billion in assets and traded $110 Billion in volume. Amazing performance in just 8 weeks! 🫡 @EricBalchunas https://t.co/Ovj7PGLVvH
First two months officially in the books (it's felt like six) and the ten bitcoin ETFs now have over $55b in assets with exactly double that in volume at $110b. If these were the numbers at the end of year I'd call them a success. To do it in eight weeks is simply absurd. https://t.co/8YvzQZdYyJ
BlackRock’s IBIT spot bitcoin ETF inflows cross $10 billion, newborn nine exceed $20 billion https://t.co/CVQEcMyBXW
It took just 7 weeks for the iShares Bitcoin ETF to cross above $10 billion in assets, the fastest for an ETF ever. The prior record was held by the first Gold ETF which took over 2 years to hit that mark after launching in Nov 2004. $IBIT $GLD Video: https://t.co/RPIRyYqieo https://t.co/CKPGDBZGTf
It took just 7 weeks for the iShares Bitcoin ETF to cross above $10 billion in assets, the fastest ever. The prior record was held by the first Gold ETF which took over 2 years to hit that mark after launching in Nov 2004. $IBIT $GLD Video: https://t.co/RPIRyYqieo https://t.co/WKvMNbIFZS
The iShares Bitcoin ETF has become the fastest ETF ever to hit $10 billion in assets. The prior record was held by the first Gold ETF which took over 2 years to hit that mark after launching in Nov 2004. $IBIT $GLD Video: https://t.co/RPIRyYqieo https://t.co/U4vMIXxvbx
The total assets in the 11 spot Bitcoin ETFs have increased from $28.7 billion on the first day of trading in January to $55.3 billion today. Now only $1.6 billion below the AUM of the largest Gold ETF. Video: https://t.co/RPIRyYqieo https://t.co/hz5LEeeKPe
The total assets in the 11 spot Bitcoin ETFs have increased from $28.7 billion on the first day of trading in January to $55.3 billion at the end of last week. Now only $1.6 billion below the AUM of the largest Gold ETF. Video: https://t.co/RPIRyYqieo https://t.co/tI7fODzuL8
BlackRock, the world's largest asset manager, saw its Bitcoin ETF reach $10 billion in assets under management (AUM) quicker than any other ETF in U.S. history https://t.co/MaL6JBZJqp
ICYMI: Crypto investment products experience a robust week with a remarkable $1.84 billion in inflows, dominated by #Bitcoin at an impressive 94%. Noteworthy is Bitcoin's substantial share, accounting for a staggering $1.73 billion of the total influx... https://t.co/KF4iJuIWUs
"has reached $10bn faster than any US ETF in history" Bitcoin rally pushes BlackRock ETF over $10bn in record time $IBIT https://t.co/mSMGFr1486
BlackRock's #Bitcoin ETF took less than 2 months to reach $10 billion It beat the previous record by 10 months Bullish 🚀
ICYMI: Bitcoin Spot ETFs, the "newborn nine," are quickly emerging as major players, poised to exceed Grayscale's GBTC fund in total holdings. Witness the shift as these ETFs gain substantial ground in the crypto investment landscape... https://t.co/RksarbthDq
Bitcoin rally pushes BlackRock ETF over $10bn in record time https://t.co/5k7AixUUqo