{"id":32540,"date":"2025-01-01T09:39:45","date_gmt":"2025-01-01T09:39:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32540"},"modified":"2025-01-01T09:39:45","modified_gmt":"2025-01-01T09:39:45","slug":"blackrocks-spot-bitcoin-etf-saw-over-37-billion-in-net-inflows-in-2024","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32540","title":{"rendered":"BlackRock\u2019s Spot Bitcoin ETF Saw Over $37 Billion in Net Inflows in 2024"},"content":{"rendered":"

BlackRock\u2019s iShares Bitcoin Trust (IBIT) emerged as the dominant player in the cryptocurrency exchange-traded fund (ETF) market, recording over $37 billion in net inflows in 2024, according to<\/span> data from Farside Investors<\/span><\/a>. <\/span><\/p>\n

Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC) secured the second spot at nearly $12 billion in net inflows. Other major Bitcoin funds also saw notable inflows over the past year. <\/span><\/p>\n

EXPLORE:\u00a0<\/span>Buying and Using Bitcoin Anonymously \/ Without ID<\/span><\/a><\/strong><\/p>\n

BlackRock Dominates in Ethereum ETFs As Well<\/span><\/h2>\n

BlackRock\u2019s dominance extended beyond Bitcoin ETFs. Its iShares Ethereum Trust (ETHA) also led the pack in the Ether ETF category, pulling in $3.5 billion in net inflows. Fidelity\u2019s Ethereum Fund (FETH) followed with $1.5 billion. <\/span><\/p>\n

\u201cFidelity is a closer second here, achieving 44% of BlackRock\u2019s total inflows compared to 31% in Bitcoin,\u201d noted Farside in a Dec. 31 update.<\/span><\/p>\n

U.S.-listed Bitcoin ETFs attracted over $35 billion in net inflows during the year, averaging approximately $144 million daily. The figure accounts for <\/span>more than<\/span> $20 billion in net outflows from the Grayscale Bitcoin Trust (GBTC).<\/span><\/p>\n

Bitcoin had an incredible $35.2bn of inflow for the year. That is an incredible $144m of net inflow for each day the ETFs were open pic.twitter.com\/ELjPE6kq70<\/a><\/p>\n

\u2014 Farside Investors (@FarsideUK) December 31, 2024<\/a><\/p>\n\n

Since the launch of spot Bitcoin ETFs, GBTC has faced declining interest due to its higher % management fees of 2.5%. Grayscale\u2019s newer and cheaper Bitcoin Mini Trust, launched in July, charges a reduced annual fee of 0.15%.<\/span><\/p>\n

The first U.S. Bitcoin ETFs were launched in January following years of regulatory challenges. The market\u2019s momentum was further fueled by a surge in crypto enthusiasm after Donald Trump\u2019s presidential election victory, which many believe could favor the industry.<\/span><\/p>\n

According to Bloomberg Intelligence, by November, U.S. Bitcoin ETFs surpassed $100 billion in net assets for the first time.<\/span> Spot Bitcoin ETFs have dominated the ETF landscape in 2024, with six of the top ten launches being BTC-focused. <\/span><\/p>\n

According to Nate Geraci, president of The ETF Store, the top four in terms of inflows were all spot Bitcoin ETFs, out of around 400 launched this year.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>3 Experts Predict: How High Can Bitcoin Go In 2025?<\/span><\/a><\/strong><\/p>\n

BlackRock\u2019s Bitcoin ETF Sees Record Outflow Near Year-End<\/span><\/h2>\n

On December 24, BlackRock\u2019s Bitcoin ETF <\/span>recorded its largest-ever single-day outflow<\/span><\/a>. The fund saw outflows of $188.7 million, surpassing its previous high of $72.7 million just days earlier.<\/span><\/p>\n

The outflows were part of a\u00a0larger\u00a0wave of withdrawals that swept across US-based spot Bitcoin ETFs. Collectively, these funds experienced outflows totaling $338.4 million on Christmas Eve alone, with net outflows reaching $1.52 billion over four consecutive trading days.<\/span><\/p>\n

On December 31, <\/span>both<\/span> spot Bitcoin and Ethereum ETFs saw notable inflows after a broader market downturn, which <\/span>led to<\/span> heavy losses for both assets.<\/span><\/p>\n

According to <\/span>SoSoValue data<\/span><\/a>, 12 spot Bitcoin ETFs experienced a net inflow of $5.32 million, ending a two-day streak of over $723 million in outflows. Fidelity\u2019s FBTC led the pack with a $36.81 million inflow, while Bitwise\u2019s BITB and Grayscale Bitcoin Mini Trust saw additional contributions of $8.68 million and $4.14 million, respectively. <\/span><\/p>\n

Ethereum ETFs also made a strong recovery on the same day, with $35.93 million flowing into the 9 <\/span>spot<\/span> Ethereum ETFs after a previous day of $55.41 million in outflows.<\/span><\/p>\n

EXPLORE:\u00a0<\/span>10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

The post BlackRock\u2019s Spot Bitcoin ETF Saw Over $37 Billion in Net Inflows in 2024<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

BlackRock\u2019s iShares Bitcoin Trust (IBIT) emerged as the dominant player in the cryptocurrency exchange-traded fund (ETF) market, recording over $37 billion in net inflows in 2024, according to data from Farside Investors. Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC) secured the second spot at nearly $12 billion in net inflows. Other major Bitcoin funds also saw […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32540","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32540"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32540"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32540\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}