- BlackRock’s spot Bitcoin ETF, known as IBIT, attracted approximately $500 million in inflows within the first two days of its launch.
- The total trading volume for the IBIT fund exceeded $1.6 billion.
According to Bloomberg Intelligence analyst Eric Balchunas, BlackRock’s spot Bitcoin ETF, IBIT, received nearly $500 million in inflows and achieved a total trading volume of over $1.6 billion during its initial two days of trading.
Balchunas further reported that a net inflow of $819 million was recorded across 11 Bitcoin funds. Fidelity’s ETF, FBTC, secured the second position with an inflow of $422 million, while Bitwise ranked third with $237 million in liquidity inflows. WisdomTree’s ETF, on the other hand, only managed to attract $1 million in two days.
The sole fund to experience an outflow of funds was Grayscale Investments’ GBTC, with a significant outflow of $579 million. JPMorgan Chase had previously predicted $13 billion in outflows from GBTC, citing the high commission rate of 1.5% as the primary reason for the loss of liquidity.
Earlier reports indicated that spot Bitcoin ETFs recorded a trading volume of approximately $4.5 billion on their first day of trading.