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BlackRock's BTC ETF, iShares Bitcoin Trust (IBIT) continues to break records, along with the Fidelity Wise Origin Bitcoin Trust (FBTC).
IBIT and FBTC are now two of the top 20 ETFs with the longest streak of continuous inflows of all time. IBIT's net assets have totaled over $17 billion, while FBTC has almost $10 billion.
Both have seen continuous inflows since their launch 59 trading days ago. If these inflows continue for another 11 days, the trusts will enter the top 10 ranking.
MOVIN ON UP: $IBIT and $FBTC have now taken cash for 59 straight days and are now in the Top 20 all-time. (That said they in league of own when it comes to active streaks or streaks for newborns) via @thetrinianalyst pic.twitter.com/3cdYorXjOT
— Eric Balchunas (@EricBalchunas) April 8, 2024
IBIT and FBTC have reportedly outperformed 99.9% of all ETFs ever launched since the market opened in the 1990s. By the end of 2022, there were roughly 9000 ETFs globally.
Global Phenomenon
Since the approval of Bitcoin ETFs by the SEC in January 2024, the product has seen unparalleled success. Regulators and companies around the world have monitored the situation in America closely.
Most recently, two China-based asset management firms have submitted applications for spot Bitcoin ETFs via their Hong Kong subsidiaries, sparking a renewed push in Bitcoin's price.
Harvest Fund Management and Southern Fund have subsidiaries located in Hong Kong and manage assets worth over $200 billion. Both firms have reportedly submitted applications to the Hong Kong Securities and Futures Commission (SFC).
Blockhead
Last month, Thailand's Securities and Exchange Commission (SEC) greenlit Bitcoin ETFs for institutional investors and ultra-high-net-worth individuals.
The SEC determined that spot Bitcoin ETFs are classified as securities, not digital assets. This allows Thai securities firms to be involved in these investments.
Blockhead
