BlackRock Bitcoin ETF Hits $22.5B as U.S. Inflows Surge

Demand for U.S. Bitcoin ETFs surged this week, with BlackRock's IBIT standing out as it reached a significant benchmark of $22.5 billion in total inflows since launching.

The fund drew in 5,805 BTC on Wednesday, bringing in $393.4 million in a single day.

BlackRock’s dominance was clear, with its ETF contributing the majority of Wednesday’s $458 million total inflows across all U.S. Bitcoin ETFs. This brought its cumulative inflows to more than double those of its nearest competitor, Fidelity’s FBTC.

Overall, Bitcoin ETFs in the U.S. saw nearly $1.4 billion in inflows in just the first three days of the week. Market watchers expect the total to climb toward $2 billion by week’s end.

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Amid shifting investor focus, regulated Bitcoin ETFs are gaining traction as an alternative to direct investments, particularly as doubts arise over MicroStrategy’s valuation.

Separately, Quantity Funds introduced the STKD Bitcoin & Gold ETF, trading under the ticker BTGD. Launched on October 16, the fund aims to shield investors from inflation with a blend of Bitcoin and gold futures. The ETF does not hold physical assets, opting instead for a mix of futures and related investment products.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.