<img src="https://technicalterrence.com/wp-content/uploads/2024/03/BlackRock-Bitcoin-Spot-ETF-Surpasses-10-Billion-in-Assets-Under.jpg" alt="Finance bitcoin etf dollar map binary financial technology revolution in the world of cryptocurrencies and digital financial services, connecting investors to the growth and stability of digital assets” data-id=”1834307900″ data-type=”getty-image” width=”1536px” height=”864px” srcset=”https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w1080 1080w, https://technicalterrence.com/wp-content/uploads/2024/03/BlackRock-Bitcoin-Spot-ETF-Surpasses-10-Billion-in-Assets-Under.jpg 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834307900/image_1834307900.jpg?io=getty-c-w240 240w” sizes=”(max-width: 768px) calc(100vw – 36px), (max-width: 1024px) calc(100vw – 132px), (max-width: 1200px) calc(66.6vw – 72px), 600px”/>
LizardFilm
BlackRock (New York Stock Exchange: BLACK) iShares bitcoin Trust (NASDAQ:IBIT) has surpassed $10 billion in assets under management just seven weeks after the fund began trading.
The milestone comes after the bitcoin spot ETF (btc-USD) recorded its second-biggest day of inflows on Thursday, raising $603.9 million and with more than 161,000 bitcoins, since its debut on January 11, BitMEX Research wrote in an X post.
Fidelity Wise Origin bitcoin Fund ETF (BATS: FBTC) ranked second with $6.3 billion in assets. In third place, the Ark Invest 21-Stock bitcoin ETF (BATS: ARKB) has about $2.1 billion in assets under management.
Meanwhile, offsetting the inflows, Grayscale bitcoin Trust (NYSERCA:GBTC) suffered capital outflows worth $598.9 million. Europe's largest bitcoin (btc-USD) funds have also seen higher outflows in recent days.
“This is likely due primarily to the shift to US ETFs, but also perhaps some profit taking,” BitMEX Research wrote.
Collectively, net inflows to US spot bitcoin ETFs (btc-USD) fell to $92.4 million on Thursday from a record $673.4 million the previous day.
In mid-afternoon trading on Friday, the price of bitcoin (btc-USD) rose up to 0.8% to $62.1k, on track for a ~8% rise for the week ending March 1.
Learn more about the beneficial interest of ARK bitcoin ETF 21Shares, BlackRock, etc.
