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International Business Times
International Business Times
Business
Nica Osorio

Bitcoin ETF Showdown: BlackRock's iShares Bitcoin Trust Attracts Massive $2 Billion Inflows, Sets New Industry Benchmark

Bitcoin BlackRock ETF iShares Bitcoin Trust United States James Seyffart

KEY POINTS

  • BlackRock's iShares Bitcoin Trust witnessed an astounding surge in inflows, totaling $170.7 million
  • Grayscale's GBTC saw the lowest daily outflow since its inception, amounting to $394 million
  • As of 8:45 p.m. ET on Sunday, Bitcoin continued to exhibit a positive trend, trading at $42,225.66

BlackRock's iShares Bitcoin Trust (IBIT) has emerged as the frontrunner in the fiercely competitive spot Bitcoin exchange-traded fund (ETF) arena. In a remarkable feat, IBIT crossed the significant $2 billion assets under management (AUM) threshold on its 10th day of trading on U.S. exchanges, solidifying its position as the undisputed leader within this recently approved investment trust category.

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