This is Why BlackRock’s IBIT Surpasses European ETF Market
BlackRock’s Bitcoin ETF (IBIT) currently has more assets under management (AUM) than all 50+ regional ETFs in the European market combined. Some of these products have been around for 20 years, highlighting IBIT’s unprecedented rise.
Bitcoin ETFs have seen record inflows over the past month, with BlackRock comfortably leading the way.
BlackRock’s IBIT: A historic success
ETF analyst Todd Sohn revealed this surprising statistic earlier today, with his analysis focusing on the viability of these regional ETFs and their relevance to Bitcoin product a huge success.
Bloomberg analyst Eric Balchunas said: “IBIT’s assets are already equivalent to the 50 European focused ETFs (regional + single country) combined, and they have been around for 20 years.”
“Capital outflows, no new products, Europe’s generational underperformance…makes you question whether it’s viable,” Thorne respondedreferring to the lackluster performance of regional ETFs.
BlackRock’s IBIT has been at the forefront Bitcoin ETF Market Booms Since its launch in January. Shortly after Donald Trump won the election, IBIT breaks through previous all-time high It’s worth more than BlackRock’s gold ETF.
The momentum remains generally consistent. Bitcoin ETFs saw their highest net inflows in November, reaching a record $6.1 billion, with the largest inflow coming from BlackRock’s IBIT. Bitcoin ETFs have seen their second-largest weekly inflows in the first week of December, led by IBIT.
Currently, BlackRock funds have net assets of more than $51 billion, accounting for nearly half of the entire U.S. spot Bitcoin ETF market.
In addition to weekly inflows, the company dominates on several metrics. For example, last week, all 12 spot ETFs collectively owned There are more Bitcoins than Satoshi Nakamoto. Among these holdings, Nearly half belongs to BlackRockand the company has Continuous high-frequency purchasing.
Overall, these ETFs represent growing institutional acceptance of Bitcoin and cryptocurrencies. However, for those institutions that are slow to adapt, change may sweep them away. In late October, the European Central Bank Economists recommend price controls for Bitcoin. The EU has Relatively harsh on cryptocurrencies latelywhich is reflected in the poor performance of its ETFs.
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