It took the iShares Bitcoin ETF, $IBIT, 8 weeks to hit $15 billion in assets under management.
By comparison, it took the Gold ETF, $GLD, 3 years to hit $15 billion in assets under management, per Zerohedge. At this pace, $IBIT could overtake $GLD in a matter of days...
There it is: dumping of Bitcoin futures to push prices lower and at the same time record buying via bitcoin ETFs at an artificially lower price....
Every day, rinse repeat. Blackrock's ETF just bought the most bitcoin in one day on record. Source: www.zerohedge.com
One billion dollar baby..
Spot BTC ETFs had their first $1+ billion inflow day. Source: Jim Bianco, Bianco Research
Trading volume in US Bitcoin ETFs hit YTD highs of $8B as Bitcoin prices are up 59% YTD, after reaching a new all-time high.
The surge follows regulatory approvals for spot-Bitcoin ETFs and comes ahead of the anticipated halving event, reflecting significant shifts in crypto accessibility and investor interest. Source: Bloomberg, Beth Kindling
It took just 7 weeks for the iShares Bitcoin ETF to cross above $10 billion in assets, the fastest for an ETF ever.
The prior record was held by the first Gold ETF which took over 2 years to hit that mark after launching in Nov 2004. $IBIT $GLD Source: Charlie Bilello
Higher female board presence may give ETFs 2.2% performance edge
ETFs that invest in companies with at least 25% women on their boards outperformed by 2.2% in 2023 rivals that invest in firms with fewer female directors. Statistical analysis suggests that relationship may be more causal than coincidental, adding to the value proposition of female corporate oversight.
Source: Bloomberg Intelligence
Institutional interest in Bitcoin ETFs heats up as inflows surge to $562 million, outpacing new miners by 10x.
Source: cointelegraph
BREAKING: BlackRock's Bitcoin ETF, $IBIT, hits a record $10 billion in assets under management
This is the fastest an ETF has hit $10 billion in assets under management, at 37 trading days. Just ~4% of all ETFs have reached the $10 billion mark. More history made by Bitcoin. Source: The Kobeissi Letter
