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International Business Times
International Business Times
Business
Nica Osorio

Investor Confidence Swings To BlackRock With IBIT's $700M Net Inflow, Grayscale Bleeds

Bitcoin BlackRock Grayscale GBTC ETF Eric Balchunas James Seyffart Michael Sonnenshein Bitwise Bloomberg Intelligence
Concept of Bitcoin and Ethereum ETF (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • BlackRock's iShares Bitcoin Trust recorded an impressive influx of $710.4 million over the past three consecutive trading days
  • Fidelity's Wise Origin Bitcoin fund secured the second position with substantial net inflows totaling $524 million
  • Bitwise Bitcoin ETF attracted substantial investor interest, garnering $310.5 million in inflows

BlackRock's spot BTC Exchange-Traded Fund (ETF) iShares Bitcoin Trust (IBIT) recorded an impressive $710 million in net inflows during its initial three days of trading, surpassing competitors such as Fidelity and Bitwise. In contrast, Grayscale Investments' Bitcoin Trust ETF (GBTC) is experiencing a continual outflow of assets.

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