Bitcoin ETFs#
Bitcoin exchange-traded funds (ETFs) attract historic investments worth $50 billion.
Record net inflows: The total funds flowing into U.S. 'spot' Bitcoin ETFs exceeded $50 billion since their launch in January 2024.
Continuous pouring: These funds witnessed net inflows exceeding $1 billion in just two days in early July, after a brief interruption.
BlackRock dominance: BlackRock controls over 700,000 Bitcoins (~$75 billion in assets under management) through the iShares Bitcoin Trust (IBIT), achieving the highest revenues among BlackRock's funds.
In summary, we see a clear shift: Bitcoin funds are no longer just investment alternatives, but sophisticated tools attracting massive institutional investments and enhancing Bitcoin's position as an important and relatively stable financial asset.