news 
Bitcoin ETF Update: IBIT Leads ETFs With $527M Inflow, Driving Total Net Assets to $114.82B
The cryptocurrency market witnessed a significant influx of funds into Bitcoin exchange-traded funds (ETFs), with IBIT leading the charge. According to the latest data available, IBIT sponsored by BlackRock and NASDAQ took in an impressive $527 million, bolstering its net assets to $56.22 billion.
IBIT’s dominance in this regard is nothing short of remarkable. Its cumulative inflow stands at a staggering $38.04 billion, further cementing its position as the market leader. This influx of funds has led to an unprecedented surge in Bitcoin ETFs’ total net assets, which now sits at a massive $114.82 billion.
In addition to IBIT’s phenomenal performance, several other key players managed to post impressive results. FBTC and ARKB recorded daily inflows of $4.39 million and $155.44 million respectively, contributing to the overall growth in the industry.
Grayscale Bitcoin ETF (GBTC) on NYSE saw a net outflow of $69.97 million, but still maintained a substantial net asset value of $20.39 billion.
ARKB’s daily inflow stood at $2.74 million, resulting in a cumulative inflow of $2.69 billion and net assets amounting to $4.90 billion.
The data further suggests that other notable players such as BITB (Bitwise, NYSE) saw an influx of $2.74 million, pushing its cumulative net inflow to $2.23 billion while maintaining a total asset value of $4.10 billion.
BTC ETFs from NYSE and CBOE reported no new inflows, but maintained significant net asset values at $3.92 billion and $776.18 million respectively.
It’s worth noting that the overall trend suggests positive price movements across most funds, with many experiencing gains exceeding 2.66%.
Source: cryptonewsland.com
