BlackRock’s bitcoin spot ETF continued its hot streak on Monday, adding inflows for the 70th consecutive day. This places the financial giant’s ETF in the top 10 exchange-traded funds with the longest daily entry streaks.
Earlier Monday, Eric Balchunas, senior ETF analyst at Bloomberg, published a graph to demonstrating that if BlackRock’s fund, ticker IBIT, managed to record a 70th consecutive day of net inflows, it would rank the exchange-traded fund among the best performing in history.
“The IBIT entry sequence is currently 69 days. One more day and it enters the top 10 and is tied JETS”, published Balchunas. The JETS exchange-traded fund, which brings together shares of companies operating in the airline sector, also achieved 70 consecutive days of inflows, according to data published by Balchunas. Before Monday, JETS was alone at number 10.
BlackRock’s bitcoin spot ETF saw a net inflow of $20 million on Monday, according to HODL15Capital. Data from SosoValue showed a net inflow of $19.65 million to the ETF on the same day.
With 160 consecutive days, the JPMorgan Equity Premium Income ETF, or JEPI, tops the list with the longest streak of daily entries, also according to the Bloomberg analyst’s post.
BlackRock adds more than $600 million in assets under management
BlackRock’s bitcoin spot ETF appeared to add more than $600 million in assets under management on Monday, bringing its total assets under management to $18.16 billion, according to the financial institution. As of last Friday’s close, the ETF had net assets of $17.55 billion, according to BlackRock.
Grayscale’s spot Bitcoin ETF, ticker GBTC, has maintained its lead as the largest among crypto-based funds since they all began trading in January, although recent trends including constant outflows, seem to show that it could be vulnerable to losing this distinction to BlackRock. rival product.
Grayscale’s fund, a conversion of its flagship fund that started with nearly $30 billion in assets under management when it launched earlier this year, charges higher fees than BlackRock’s ETF.
UPDATE: It has been clarified that BlackRock’s bitcoin spot ETF added more than $600 million to its assets under management on Monday. An earlier version referred to cash inflows.
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