The post BlackRock’s IBIT ETF with $70.75M Surge Outshines Competitors! appeared first on Coinpedia Fintech News
On July 25th, BlackRock’s IBIT ETF recorded a significant 1-day net inflow of $70.75 million, contributing to a cumulative net inflow of $19.7 billion. Fidelity’s FBTC ETF also showed strength with a positive net inflow, bringing its cumulative total to $9.99 billion. In contrast, Grayscale’s GBTC ETF experienced a notable net outflow of $39.59 million.
Remarkably, BlackRock’s IBIT ETF has only witnessed one day of net negative inflow throughout its history. Currently, IBIT holds a 1.70% share of the total Bitcoin market cap, reflecting the ratio of the ETF’s net asset value to the overall market cap of Bitcoin.