blacrock
6,443 views
7 Discussing
Hot
Latest
BlackRock’s IBIT Loses $333M
BlackRock's $BTC (IBIT) faced its largest single-day outflow since launch, with $332.6M withdrawn on Jan. 2, following the New Year's holiday. This marks the third consecutive trading day of outflows, totaling $392.6M over the past week.
Despite this, IBIT ranked third in 2024 net ETF inflows with $37.2B, trailing only Vanguard and iShares Core S&P 500 funds. $BTC pioneer Adam Back speculated that Bitcoin ETFs might take the top spot in 2025 with higher prices and inflows.
Meanwhile, competitors like Bitwise, Fidelity, and Ark 21Shares saw inflows of $48.3M, $36.2M, and $16.5M, respectively, partially offsetting BlackRock's losses. The total outflows for Jan. 2 stood at $242M, highlighting a turbulent day for Bitcoin investment products.
Predictions for 2025 include the launch of spot BTC-ETH ETFs, staking for Ether funds, and potentially a spot $SOL ETF. The crypto ETF market remains dynamic as investors weigh opportunities and risks.
#USStateBuysBTC #Blacrock #News
Despite this, IBIT ranked third in 2024 net ETF inflows with $37.2B, trailing only Vanguard and iShares Core S&P 500 funds. $BTC pioneer Adam Back speculated that Bitcoin ETFs might take the top spot in 2025 with higher prices and inflows.
Meanwhile, competitors like Bitwise, Fidelity, and Ark 21Shares saw inflows of $48.3M, $36.2M, and $16.5M, respectively, partially offsetting BlackRock's losses. The total outflows for Jan. 2 stood at $242M, highlighting a turbulent day for Bitcoin investment products.
Predictions for 2025 include the launch of spot BTC-ETH ETFs, staking for Ether funds, and potentially a spot $SOL ETF. The crypto ETF market remains dynamic as investors weigh opportunities and risks.
#USStateBuysBTC #Blacrock #News
Login to explore more contents