Summary
- BlackRock's Bitcoin spot ETF, IBIT, has reached 5th place in ETF inflow rankings this year.
- Eric Balchunas, a Bloomberg analyst, evaluated that IBIT experienced an astonishing change with a recent $6.5 billion inflow.
- IBIT's rank was 47th a month ago, reflecting the rapidly changing investment trend.
BlackRock's Bitcoin (BTC) spot Exchange-Traded Fund (ETF), IBIT, has reached 5th place in ETF inflow rankings this year.
On the 21st (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "IBIT has ranked 5th in inflow rankings this year with an inflow of $9 billion," and evaluated it as "an astonishing change following a recent $6.5 billion inflow." A month ago, IBIT's rank was known to be 47th.
As of 8:50 PM, Bitcoin is trading at $106,540, up 1.24% from 24 hours ago, based on the Binance USDT market.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
