Skip to content

BlackRock, Bitcoin ETFs Continue to Set New Records

Bitcoin ETFs have exceeded $100Bn in assets under management while BlackRock's IBIT sets a daily trading volume record of $3.9Bn

Table of Contents

Bitcoin's rally has halted as its price takes a dip below $68,000. However, even a slight price drop in BTC can't slow down Bitcoin ETFs.

Collectively, Bitcoin ETFs have exceeded $100 billion in assets under management.

“Total digital asset exchange-traded products passed the $100 billion mark for the first time ever,” CoinShares head of research James Butterfill said.

The milestone was achieved just one day after the products broke the 2021 yearly inflow record in under three months.

"Digital Assets ETFs/ETPs have smashed the 2021 record, with inflows following the last few days now sitting at US$12bn ytd compared to US$10.6bn for the whole of 2021," Butterfill had said.

BlackRock's IBIT, one of the strongest Bitcoin ETF offerings, broke records earlier this week by reaching $10 billion faster than any US ETF in history. The fund reached the milestone in under two months from 11 January when the SEC greenlit Bitcoin ETFs. Invesco QQQ previously held the record of just over a year.

Bitcoin ETF Fee Cut Proves Effective as VanEck Sees Record Inflows
VanEck’s Bitcoin Trust (HODL) attracted $119 million in one day after cutting its management fee to 0%.

Yesterday, IBIT set another record by smashing through its daily trading volume, trading 99.3 million shares over the day, amassing $3.9 billion in volume. Its previous record was $3.7 billion on 5 March. The fund also set a net inflow daily record of $849 million on 12 March.

Grayscale still retains the lead in terms of AUM with $27.68 billion. However, its 24-hour volume of under $2 billion falls shy of BlackRock's.

SEC Declares First Trust’s Bitcoin ETF Application “Abandoned”
First Trust and SkyBridge Capital failed to respond to the SEC’s requests to withdraw or amend its filing