BlackRock’s Spot Bitcoin ETF continued its strong performance on Monday, adding net inflows for the 70th consecutive day. This puts the financial giant’s ETF among the top 10 exchange-traded funds with the longest daily inflows.
Earlier Monday, Bloomberg senior ETF analyst Eric Balchunas posted: Graphic to X This means that if BlackRock’s fund, ticker IBIT, succeeds in posting 70 consecutive days of net inflows, the exchange-traded fund will rank as one of the most successful funds in history.
“IBIT’s consecutive inflow is now 69 days. One more day to break into the top 10 and tie.” The JETS exchange-traded fund (ETF), which combines stocks of companies operating in the aviation industry, also achieved 70 consecutive days of inflows, according to data posted by Balchunas. Before Monday, JETS was sitting alone in 10th place.
This is the longest streak of daily inflows for ETFs. Image: Bloomberg.
The JPMorgan Equity Premium Income ETF (JEPI) topped the list with its 160th consecutive day of record inflows, according to a Bloomberg analyst post.
BlackRock adds more than $600 million
According to , BlackRock’s Spot Bitcoin saw net inflows of $600 million on Monday, bringing its total assets under management (AUM) to $18.2 billion. financial institution.
Grayscale’s Bitcoin Spot ETF (ticker GBTC) has held the largest lead among crypto-based funds since it began trading in January, but recent trends include consistent outflows. Rival products seem to indicate that BlackRock’s funds may lose their edge.
Grayscale’s fund, a conversion of its flagship fund that started earlier this year with nearly $30 billion in assets under management, charges higher fees than BlackRock’s ETFs.
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