BlackRock’s IBIT Reports Another $320M in Inflows, Larry Fink Hails it as “Fastest-Growing ETF Ever”
BlackRock’s iShares Bitcoin Trust (IBIT) continues to gain traction in the cryptocurrency market, with recent data revealing a significant influx of $320 million in new investments.
This surge in inflows comes as BlackRock CEO Larry Fink has praised IBIT as the “fastest-growing ETF in the history of ETFs.”
In a recent interview with Fox Business, Fink expressed his surprise and satisfaction with IBIT’s performance.
“Nothing has gained assets as fast as IBIT in the history of ETFs.”
He emphasized that the trust’s success surpassed his expectations, particularly during its first 11 weeks of trading.
Since its launch, IBIT has captured the attention of investors, accumulating a total of $13.5 billion in inflows within the first 11 weeks.
Notably, on March 12, the trust reached a daily high of $849 million in flows.
On average, IBIT receives over $260 million in daily inflows, contributing to its remarkable growth.
Fink acknowledged the significance of this achievement, highlighting the positive impact of IBIT on the market.
He emphasized that the trust has enhanced liquidity and transparency, creating a more robust ecosystem for Bitcoin investments.
Fink also expressed his bullish outlook on Bitcoin’s long-term viability and the increasing demand from retail investors.
Currently, IBIT holds a substantial $17.1 billion worth of Bitcoin, according to BitMEX Research.
Impressively, it took only two months for the trust to surpass the $10 billion mark, a milestone that the first gold ETF took two years to achieve.
Among the approved ETFs, IBIT ranks second in terms of Bitcoin holdings, trailing behind the Grayscale Bitcoin Trust, which holds $23.6 billion in BTC.
On March 27, spot Bitcoin ETFs collectively
