https://www.tradingview.com/news/coindesk:78f5de641094b:0-bitcoin-etfs-resume-inflow-winning-streak-blackrock-s-ibit-crosses-20b-in-aum/
The U.S.-based spot bitcoin ETFs yesterday made it 15-consecutive sessions of net inflows, with the latest rush of money combing with a rally in the price of {{BTC}} to send BlackRock's iShares Bitcoin Fund
I
IBIT
to more than $20 billion in assets under management for the first time.
According to Bloomberg Intelligence senior ETF analyst Eric Balchunas, the ETFs pulled in roughly $2.4 billion in fresh money over the past month. That would be the third-largest amount of net inflows across the entire ETF market.
“The ability to bounce back with renewed interest after a couple nasty selloffs is rare for hot sauce type strategies,” Balchunas said in a post on X. “[It] shows staying power.”
Following the initial euphoria for the launch of the spot ETFs, inflows slowed down significantly in April and even turned negative for several days, an occurrence which experts then said was very normal.
Since May 16, though, net inflows have averaged $140 million per day, according to data from Farside Investors., led by IBIT, which pulled in $1.1 billion over that period and continues to be the strongest out of the ten funds. IBIT as of yesterday held 291,563 bitcoins valued at $20.15 billion.
Price still under 100k$. Selling elsewhere should be insane to keep it nearly flat at such inflows....
Michael
npub1lj0…hkxe
2024-06-04 20:46:14
in reply to nevent1q…524m
Author Public Key
npub1lj0gvjxfd8yzche9r66e4u20xzyatmg0wwfd676a9kdffmjunj7szqhkxeSeen on
wss://relay.noswhere.comPublished at
2024-06-04 20:46:14Event JSON
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"content": "https://www.tradingview.com/news/coindesk:78f5de641094b:0-bitcoin-etfs-resume-inflow-winning-streak-blackrock-s-ibit-crosses-20b-in-aum/\nThe U.S.-based spot bitcoin ETFs yesterday made it 15-consecutive sessions of net inflows, with the latest rush of money combing with a rally in the price of {{BTC}} to send BlackRock's iShares Bitcoin Fund \nI\nIBIT\n to more than $20 billion in assets under management for the first time.\n\nAccording to Bloomberg Intelligence senior ETF analyst Eric Balchunas, the ETFs pulled in roughly $2.4 billion in fresh money over the past month. That would be the third-largest amount of net inflows across the entire ETF market.\n\n“The ability to bounce back with renewed interest after a couple nasty selloffs is rare for hot sauce type strategies,” Balchunas said in a post on X. “[It] shows staying power.”\n\nFollowing the initial euphoria for the launch of the spot ETFs, inflows slowed down significantly in April and even turned negative for several days, an occurrence which experts then said was very normal.\n\nSince May 16, though, net inflows have averaged $140 million per day, according to data from Farside Investors., led by IBIT, which pulled in $1.1 billion over that period and continues to be the strongest out of the ten funds. IBIT as of yesterday held 291,563 bitcoins valued at $20.15 billion.\n\nPrice still under 100k$. Selling elsewhere should be insane to keep it nearly flat at such inflows....",
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