BlackRock’s IBIT fund continues to break record inflows
-
Altcoin News
Bitcoin news
Blockchain News
blog
DeFi News
Exchange News
General
Market News
Prediction
Без рубрики
Johny Smith
2024/12/16
3 mins read
Cryptocurrency funds have shown significant changes in capital dynamics. Last week, the iShares Bitcoin Trust ETF (ticker: IBIT) from BlackRock raised $1.74 million, becoming one of the leaders among all funds. For the year, IBIT’s total inflows amounted to $48.02 billion, strengthening its position in the market.
At the same time, the Grayscale Bitcoin Trust ETF (GBTC) continues to lose assets. GBTC has seen $20.1 billion in withdrawals so far in 2024, nearly equal to its current assets of $20.8 billion. The data underscores how investors are gradually moving away from older instruments in favor of newer, more flexible solutions.
Experts attribute IBIT’s success to growing confidence in iShares and BlackRock, as well as improvements in the overall cryptocurrency ETF infrastructure. Increased transparency and lower fees make IBIT a more attractive instrument for institutional and private investors. This product is attracting increasing attention and has already demonstrated the fastest growth among its peers in the history of exchange-traded funds.
Outflows from GBTC, according to analysts, are associated with structural constraints. Investors complain about high fees, as well as the lack of direct conversion of shares into Bitcoin. These problems make Grayscale’s product less competitive compared to other crypto funds.
It is worth noting that IBIT’s success reflects a general trend. Large institutional participants such as Vanguard and iShares dominate the ETF market. However, crypto asset investors are becoming more selective and switching to products with better terms.
The future of GBTC depends on its ability to adapt to new realities. If Grayscale manages to change its policies and approach, it could change the situation dramatically. Otherwise, outflows may continue.
Error in the text? Select it with the mouse and click Ctrl + Enter
33