BlackRock's Spot Bitcoin ETF Ranks Among the Top Funds in the US

Earlier this year, the US Securities and Exchange Commission approved 11 Bitcoin spot ETFs. This instrument attracted the attention of large investors who began to actively invest in it.. Especially among all funds, IBIT stands out, the issuer of which is one of the largest management organizations in the world, BlackRock.

As of April 24, this fund has been steadily attracting funds from investors for 70 days in a row.. In total, since its appearance in January of this year, the presented ETF has received almost $15.5 billion from investors.. It is noteworthy that IBIT was the only fund that has never experienced a daily outflow of funds.

According to many experts, this is primarily due to the scale of BlackRock. The corporation currently manages $10 trillion in assets. At the same time, the constant influx of funds into IBIT emphasizes the high interest of large market participants in the cryptocurrency segment. According to Bloomberg senior analyst Eric Balchunas, the current situation makes the IBIT ETF one of the best-performing funds in the United States.

The leading position is still held by the JPMorgan Equity Premium Income ETF, which continues to attract investment funds for 160 days in a row.

It was emphasized that at the moment all spot bitcoin funds hold just over 839 thousand in their portfolio. BTC coins. At the same time, IBIT accounts for about 274.5 thousand. bitcoins.

Now the cryptocurrency community is looking forward to the US regulator SEC approving industry funds on Ethereum. Previously, BlackRock filed a corresponding application, but the American agency postponed its consideration. But many experts agree that Ether ETFs will still be approved.