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International Business Times

Business

Marvie Basilan

9-Month Old Bitcoin ETFs Pass $20B In Total Net Flows – Gold ETFs Took 5 Years

Bitcoin ETF Gold Eric Balchunas BlackRock Farside Investors GBTC

US spot Bitcoin ETFs have passed the $2 billion-mark in total net flows. (Credit: Marco Verch/flickr)

KEY POINTS

Eric Balchunas noted that spot $BTC ETFs achieved in a much shorter time what gold ETFs reached in 5 years
This week's rally was largely thanks to BlackRock's IBIT, which hauled in a little over $1B in four days
Grayscale's GBTC remains the outflow king among all US-listed $BTC ETFs

Spot Bitcoin exchange-traded funds (ETFs) have, for the first time, passed the $20 billion-mark in total net flows, marking a new milestone in the funds' financial journey just nine months since their launch.

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