According to The Block, the cryptocurrency market has received another remarkable piece of news. As of today, the US Bitcoin spot ETF has demonstrated strong appeal, achieving a net inflow for the 10th consecutive day, with a cumulative amount reaching 4.26 billion US dollars. Amid this wave of capital inflow, IBIT, owned by BlackRock, took the lead, raking in a net profit of 4.09 billion US dollars, accounting for as high as 96%.
Since April 9th, IBIT has been experiencing a strong momentum of continuous capital inflows, with no capital outflows for 33 consecutive trading days. Currently, the scale of its managed assets has climbed to 72 billion US dollars. This achievement has enabled it to successfully rank among the top five ETFs in the United States in terms of capital inflows this year.
Blackrock, as one of the world’s largest asset management companies, has a brand influence that cannot be underestimated. For a long time, investors have highly recognized BlackRock’s professional management capabilities and stable risk control system. This trust has laid a solid foundation for IBIT to attract capital inflows.
From the perspective of the Bitcoin market environment, Bitcoin’s market performance in recent years has been remarkable, with a strong price trend. Its recognition and acceptance worldwide have been continuously increasing, and more and more investors regard Bitcoin as an important investment target. Coupled with the gradual relaxation of regulatory policies by the U.S. Securities and Exchange Commission (SEC), a relatively relaxed environment has been created for the issuance and development of Bitcoin ETFs, enabling IBIT to rise rapidly in such a favorable macro environment.
Meanwhile, the Ethereum Spot ETF has also shown a good development trend, having achieved its eighth day of positive flow, with a cumulative inflow of 394 million US dollars. This phenomenon indicates that the spot ETF market for cryptocurrencies is generally entering a prosperous development stage, and investors’ interest in cryptocurrency-related investment products is growing increasingly intense. As the market continues to mature and improve, the subsequent capital flow and scale changes in the cryptocurrency spot ETF market, as well as how star products like IBIT will continue to lead market development, are all worthy of continuous attention from market participants.
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