BlackRock's Bitcoin Spot ETF IBIT Extends Net Inflow Streak to 69 Days

IconCrypto News Terminal22 Apr, 2024

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BlackRock's Bitcoin Spot ETF IBIT Extends Net Inflow Streak to 69 Days

Expert analyst Eric Balchunas reports that BlackRock's Bitcoin spot ETF, IBIT, has maintained a remarkable 69-day run of net inflows. It's the 11th longest streak in U.S. ETF history. Balchunas notes it only takes one more day of inflows to tie JETS for the 10th-longest streak. Countering sentiments around "Spot Bitcoin ETFs are dead", he insists IBIT's inflows persist. Previously on 22 April 2024, BlackRock's IBIT ETF achieved a 69-day run of net inflows, denoted as the 11th longest in U.S. ETF history.