IBIT Sees Inflow of $277.6 Million, Exceeding Total Inflow of U.S. Bitcoin ETFs
On August 27, BlackRock's iShares Bitcoin Trust (IBIT) recorded a net inflow of $277.6 million in just one day, surpassing the total net inflow of $242.3 million for all U.S. Bitcoin spot ETFs. The inflow to IBIT accounted for approximately 114.6% of the total net inflow, indicating that outflows from some products were offset by the inflows to IBIT. On the same day, Fidelity's FBTC saw an outflow of $83.6 million, while Grayscale's GBTC experienced an outflow of $27.2 million, and products excluding IBIT had a total net outflow of $35.3 million. However, some products like Bitwise's BITB, ARKB, and HODL saw inflows of $21.7 million, $29.7 million, and $5.7 million, respectively. From August 17 to 27, the U.S. Bitcoin spot ETFs had a total net inflow of $3.0442 billion over nine trading days, with IBIT's net assets totaling $60.3376 billion. As BlackRock's dominance in large products strengthens, those experiencing outflows may face issues related to fees and liquidity.
-- Price
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