BlackRock’s iShares Bitcoin ETF shines amid sector outflows, expands to Canada

BlackRock’s iShares Bitcoin ETF shines amid sector outflows, expands to Canada
фото показано с : cryptoslate.com

2025-1-14 13:52

BlackRock’s iShares Bitcoin Trust (IBIT) emerged as a bright spot in an otherwise challenging period for US Bitcoin exchange-traded funds (ETFs), which saw their third consecutive day of net outflows on Jan. 13.

According to data from Farside, the Bitcoin ETF market recorded a total net outflow of $284.1 million. BlackRock’s IBIT stood out with a $29.5 million inflow, contrasting sharply with significant outflows from other ETFs.

On the other hand, Fidelity’s Bitcoin ETF (FBTC) led the losses with $113.6 million in outflows, while ARK’s Bitcoin ETF (ARKB) followed with $92.4 million. Grayscale’s GBTC saw outflows of $89 million, while $18.6 million exited Bitwise’s BITB. Other Bitcoin ETFs reported no activity for the day.

Over the past three trading days, cumulative outflows across the sector surpassed $1 billion. This trend indicates potential shifts in institutional investment strategies or evolving market sentiment around Bitcoin.

Notably, BTC’s price had declined to a two-month low of under $89,400 before recovering to $96,828 as of press time, according to CryptoSlate’s data.

IBIT expands to Canadian markets

BlackRock is extending its reach in the Bitcoin ETF space by launching its iShares Bitcoin ETF (IBIT) in Canada. This development follows the fund’s notable success in the United States.

According to a press statement, the Canadian rollout includes two versions of the ETF. One trades under the ticker IBIT on Cboe Canada, while a US dollar-denominated version is listed as IBIT.U. These ETFs offer investors exposure to Bitcoin by tracking its performance before deducting fund-related expenses.

The iShares Bitcoin ETF primarily invests in US-traded IBIT, which holds Bitcoin as long-term assets. This structure allows investors to access Bitcoin through traditional brokerage accounts without dealing with custody or operational challenges.

Helen Hayes, who leads iShares Canada, highlighted that the Canadian expansion reflects BlackRock’s commitment to making investments more accessible. She also noted that this launch provides a convenient and cost-efficient way for Canadian investors to gain Bitcoin exposure.

BlackRock’s decision to expand IBIT follows its exceptional performance in the US, where it achieved a top 1% ranking among ETFs by assets. Over the past year, IBIT has been recognized as one of the most successful ETF launches of the decade.

The post BlackRock’s iShares Bitcoin ETF shines amid sector outflows, expands to Canada appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 99515.02 (-0.38%)
Объем 24H $56.073b
Изменеия 24h: 3.24 %, 7d: 5.91 %
Cегодня L: $99515.02 - H: $99515.02
Капитализация $1971.893b Rank 1
Цена в час новости $ 96543.02 (3.08%)

bitcoin outflows blackrock ishares funds etfs exchange-traded

bitcoin outflows → Результатов: 126


Фото:

The Simple Reasons Why This Trader is Cautious of Ethereum

Ethereum, like Bitcoin, is currently trading at the lower boundary of its long-established trading range The cryptocurrency does appear to be positioned to see a breakdown below this range, but whether or not this takes place will likely depend on Bitcoin One analyst is now growing increasingly cautious on ETH, explaining that massive spikes in miner outflows for the cryptocurrency signal that a large drop could be imminent This also comes as the China-based PlusToken […]

2020-6-27 23:00


$524 million Bitcoin withdrawn from BitMEX in July

Net outflows show that more than half a billion dollars worth of Bitcoin left BitMEX in July, making the month the single-biggest for total customer withdrawals on record. With a net outflow of $524 million in BTC, July was the first month the exchange (the largest crypto margin trading platform by daily volume) had parted […] The post $524 million Bitcoin withdrawn from BitMEX in July appeared first on CryptoSlate.

2019-8-6 16:32


CFTC’s investigation may be contributing to BitMEX’s outflows dwarfing exchange’s inflows

The cryptocurrency community went haywire after Bloomberg, citing an anonymous source, reported that Arthur Hayes’ BitMEX exchange is under investigation by the CFTC for breaking trading regulations BitMEX was allegedly accused of offering Bitcoin derivatives and future products, without having necessary permission for the same, as well as allowing trading for US-Based clientele.

2019-7-20 19:00