BlackRock IBIT Bitcoin Spot ETF don reach $80B for 374 days as e dey get $140B inflows since January
Since January 2024 wey US start their spot Bitcoin ETFs, dem don gather over $140 billion net inflows, showing say institutional demand strong well-well. BlackRock’s iShares Bitcoin Trust (IBIT) na dey lead the movement, carry 96% of total spot Bitcoin ETF flows. For just 374 days, IBIT assets under management jump from launch to $80 billion—a record speed wey pass how Vanguard’s S&P 500 ETF take do am for almost five years. As of now, IBIT get over 700,000 BTC (around 56% of US spot Bitcoin ETF market), ranking am as 21st biggest ETF worldwide wit $83 billion AUM.
Meanwhile, competitors like Fidelity’s FBTC don attract $12.3 billion, as Grayscale’s GBTC see $23.3 billion outflows after conversion. Corporate buyers like Metaplanet, Blockchain Group, Smarter Web, and Remixpoint don also boost ETF reserves. This capital flow come together wit Bitcoin price surge to new all-time high near $119,000, cause more than $200 million short liquidations and push Ethereum up by 7.7% to near key $3,000 resistance.
For this year, digital asset funds net $19 billion, split about 83% for Bitcoin and 16% for Ethereum. Traders go dey watch whether IBIT fit maintain im crazy growth, climb higher for global ETF rankings, and continue dey boost institutional bitcoin demand amid changing regulation and market dynamics.
Bullish
Di record inflow dem plus rapid AUM growth for IBIT show say institutions dey adopt Bitcoin more and liquidity don increase. Di market share wey dem hold na dia sabi plus di strong capital wey dey enter mean say buying pressure go remain steady, fit push Bitcoin price higher short term. For long term, di extension of ETF plus clear regulations go support better market stability and plenty investors go join—dis factors still mean say Bitcoin get good market outlook.