BlackRock’s iShares Bitcoin Trust (IBIT) attracted $277.6 million on Aug. 27, exceeding the entire US Bitcoin ETF market’s $242.3 million net inflow. Fidelity lost $83.6 million and Grayscale $27.2 million, producing $110.8 million in combined outflows. Over the nine-day winning streak, BlackRock captured 75.6% of the $3.05 billion in total inflows, approximately $2.3 billion. IBIT now manages roughly $62 billion in assets and reached $50 billion in just 11 months, a historical record for any ETF.
Source: Read the original article
