BlackRock’s IBIT Bitcoin ETF Surges into Top 10 U.S. ETFs
- BlackRock’s IBIT Bitcoin ETF is now the ninth-largest U.S.-listed ETF, with weekly inflows of approximately $993.75 million.
- Overall, U.S. ETFs experienced over $35.39 billion in weekly inflows, driven by a “risk-on rally” in equities.
- The ARK Innovation ETF (ARKK) and Technology Select Sector SPDR Fund (XLK) also saw significant inflows of more than $1.23 billion and $1.12 billion, respectively.
- IBIT has accumulated over $2.43 billion in inflows over the past three months and more than $65.3 billion since its inception.
- Bitcoin ETFs collectively garnered nearly $1 billion in net inflows last week, led by IBIT.
The rise of BlackRock’s IBIT highlights a growing interest in Bitcoin ETFs as investors seek alternatives amid geopolitical tensions and market volatility.
With IBIT’s recent weekly inflow of approximately $993.75 million, it reflects strong demand for direct exposure to Bitcoin. (Source)
