Bitcoin ETFs see $505 million total inflows led by BlackRock as VanEck breaks record BlackRock leads in total inflows of $505 million for Bitcoin ETFs, with VanEck setting a new record.
According to Bitmex Research data, there was a significant increase in Bitcoin ETF inflows on March 29th and 30th, resulting in a net gain of $218 million. BlackRock’s iShares Bitcoin ETF (IBIT) experienced significant growth with inflows of $6483 million, marking a 2648% increase in its total assets. Fidelity’s FBTC fund helped to boost positive growth by attracting $211 million in new investments. Other popular Newborn Nine ETFs with increased inflows were Bitwise’s BITB fund ($220.24 million), ARK Invest’s ARKB fund ($13.0 million), and VanEck’s BRRR fund ($118.8 million). VanEck had its best day ever after announcing that it would not charge fees until 2025. Before, the fund had never experienced a daily amount exceeding $14.2 million. However, not all Newborn Nine funds saw increases, as Invesco’s BTCO ETF reported a loss of $9.7 million. Additionally, Grayscale experienced more outflows, with $494 million leaving the fund, the highest amount since Feb. 113. For the sixth day in a row, the amount of money entering Newborn Nine ETFs was much greater than the amount leaving Grayscale. It has only been two days since Jan.