Summary
- BlackRock said its Bitcoin (BTC) exchange-traded fund (ETF) recorded about $935 million in net inflows in the first quarter of this year.
- Over the same period, total net inflows across BlackRock’s products came to about $130 billion, leaving the share of crypto ETFs relatively small.
- The market sees institutional money continuing to flow mainly into traditional assets, while steady inflows into crypto ETFs and whether the share of crypto ETFs expands remain key variables.
Forecast Trend Report by Period
Crypto exchange-traded funds, including BlackRock’s Bitcoin ETF, posted net inflows in the first quarter, though they accounted for only a small share of overall fund flows.
DL News reported on April 14 that BlackRock recorded about $935 million in net inflows into its crypto ETFs in the first quarter.
Over the same period, BlackRock’s products overall drew about $130 billion in net inflows, leaving crypto ETFs with a relatively small share.
Market participants view the trend as a sign that institutional money is still flowing primarily into traditional assets. Even so, they are also watching the steady inflows into crypto ETFs.
Whether institutional allocations shift and whether crypto ETFs expand their share of total inflows will be key variables going forward.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
