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BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid influx surge

BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge James Van Straten · 2 weeks ago Insights Bitcoin ETFs Bitcoin ETFs accumulate 642 BTC on May 28, with BlackRock’s IBIT achieving milestone. Quick Take Farside data shows that Bitcoin (BTC) Exchange-traded funds (ETFs) experienced $45 million in inflows on May 28. Seven of eleven

BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid influx surge

BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid inflow surge BlackRock’s IBIT overtakes Grayscale’s GBTC Bitcoin holdings amid influx surge James Van Straten · 2 weeks in the past

Insights BitcoinETFs

Bitcoin ETFs accumulate 642 BTC on Could 28, with BlackRock’s IBIT reaching milestone.

Fast Take

Farside information reveals that Bitcoin (BTC) Exchange-traded funds (ETFs) skilled $45 million in inflows on Could 28. Seven of 11 ETFs recorded optimistic inflows, reflecting broad curiosity amongst issuers. BlackRock’s IBIT ETF led the inflows with $102.5 million, elevating its whole internet influx to $16.5 billion. Constancy’s FBTC ETF noticed $34.3 million in inflows, bringing its whole to $8.7 billion. Conversely, Grayscale’s GBTC ETF skilled a $105.2 million outflow, growing its internet outflows to $17.7 billion. The cumulative internet inflows throughout all ETFs have now reached $13.7 billion.

Bitcoin ETF Flow Table: (Source: Farside)
Bitcoin ETF Stream Desk: (Supply: Farside)

When it comes to Bitcoin holdings, BlackRock’s IBIT has overtaken Grayscale’s GBTC, turning into the most important US Bitcoin ETF. HeyApollo information reveals IBIT now holds 288,670 BTC, in comparison with GBTC’s 287,450 BTC.

US Listed Spot Bitcoin ETFs: (Source: heyapollo)
US Listed Spot Bitcoin ETFs: (Supply: heyapollo)

The web accumulation of Bitcoin by ETFs on Could 28 amounted to 642 BTC, based on heyapollo.

ETF BTC Flows May 28: (Source: Heyapollo)
ETF BTC Flows Could 28: (Supply: Heyapollo)
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