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The $63 billion revolving door carrying the entire US Bitcoin ETF market

2 min read

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Image by CryptoSlate.

Bitcoin's best and newest large buyer has no face, no investment committee, and no public opinion about whether the price looks cheap.

Key facts

Summary

01 IBIT has attracted $63.93 billion since launch, while every other US spot Bitcoin ETF combined recorded $8.42 billion in net outflows. 02 Its 115.2% share of category net inflows shows US Bitcoin fund demand has concentrated around BlackRock’s brand, liquidity, and access. 03 But IBIT is no guaranteed backstop: shareholder redemptions can reverse flows, and ETF activity does not always translate into Bitcoin price gains. It appears near the end of the US trading day as an entry beside an ETF ticker, and on Aug. 27 that entry showed $277.6 million flowing into IBIT while the entire US spot Bitcoin fund category saw $242.3 million in inflows.

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#U.S. #Bitcoin ETF #Bitcoin