Crypto
BlackRock Dominates Record-Setting Bitcoin ETF Inflows
BlackRock's iShares Bitcoin Trust ETF led inflows into U.S.-listed spot Bitcoin exchange-traded funds, pulling in $1.9 billion over seven days.
The total surpasses the previous seven-day inflow run in March, which drew $1.2 billion, according to Farside data.
BlackRock's fund captured more than 73% of the streak's total inflows at $1.4 billion and holds 62% of all assets under management across U.S.-listed spot Bitcoin ETF products, with 809,870 Bitcoin worth roughly $103 billion in assets under management, valued at.
The Morgan Stanley Bitcoin Trust launched on April 8 and has not recorded a single day of outflows since then, adding $95 million during the seven-day streak and accumulating $163 million in total since launch.