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BlackRock Bitcoin ETF Ranks No. 1 with $3.5B Inflows, Beating S&P 500 ETFs
Yahoo Financeยท 2025-10-08 14:58
Core Insights - Inflows into spot Bitcoin ETFs have surged, with BlackRock's iShares Bitcoin Trust (IBIT) leading the way, achieving $3.5 billion in weekly inflows, representing 10% of total net ETF flows during the period [1][2][7] - BlackRock's IBIT has outperformed major S&P 500 ETFs, indicating strong institutional demand for Bitcoin exposure, as all 11 original spot Bitcoin ETFs recorded inflows last week [2][3] Inflow Performance - On October 7, IBIT recorded a net inflow of 7,401 BTC, valued at approximately $899.47 million, marking the fourth-highest single-day inflow in its history [3] - IBIT's daily trading volume has reached $5.7 billion, showcasing significant market activity [3] Assets Under Management - BlackRock's IBIT holds close to 800,000 Bitcoin, with net assets under management nearing $100 billion, positioning it to become the fastest ETF to reach this milestone [4] - In comparison, the Vanguard S&P 500 ETF (VOO) took 2,011 days to reach this milestone, while IBIT is on track to do so in just 435 trading days [4] Market Outlook - Analysts predict that spot Bitcoin ETFs will closely follow Bitcoin's price trajectory, which recently hit an all-time high of $126,000, suggesting potential for stronger inflows in Q4 [5] - Bitwise's Chief Investment Officer projects that US Bitcoin ETFs will exceed their debut-year inflows of $36 billion by 2025, with current accumulations at approximately $22.5 billion, aiming for around $30 billion by year-end [6] Year-to-Date Flows - In the first four trading days of the quarter, net flows have already reached $3.5 billion, bringing total year-to-date flows to $25.9 billion, with expectations to surpass $10 billion more in the remaining days [7]