The Spot Bitcoin ETFs have seen an influx of over $31 billion since launch and these robust inflows have propelled BlackRock, Fidelity, Invesco Into the list of top 10 ETF issuers by year-to-date flows. By Coingape Staff 3 hours ago Updated 14 mins ago
Highlights
- The U.S. Spot Bitcoin ETFs have garnered net inflows of $13.96 billion since inception.
- The strong influx has led to a surge in total inflows attracted by major ETF issuers like BlackRock and Fidelity.
- On Monday, these ETFs saw a positive flow with over $100 million added.
The launch of U.S. Spot Bitcoin ETFs has had a significant impact on the total inflows of several major ETF issuers. Moreover, it propelled BlackRock, Fidelity, and Invesco into the top 10 ETF issuers list by year-to-date inflows. Since launch, these ETFs have attracted inflows of a whopping $31.86 billion, excluding Grayscale‘s GBTC outflows.
BlackRock, Fidelity, Invesco Grab Spot In Top 10 ETF Issuers List
Since their launch on January 10, 2024, BlackRock’s iShares Bitcoin Trust (IBIT) has garnered an impressive inflow of $16.65 billion, according to Farside UK data. Moreover, it is followed by Fidelity with $8.96 billion. Whilst, Ark 21Shares’ ARKB trails behind with $2.46 billion.
In addition, Invesco Galaxy’s BTCO has also seen an inflow of $317 million since its launch. However, Grayscale’s GBTC ate up a substantial portion of these positive flows with a gigantic $17.9 billion outflow year-to-date.
Whilst, Bloomberg’s Senior ETF analyst, Eric Balchunas, also noted that the launch of Spot Bitcoin ETFs has propelled the total inflows of BlackRock, Fidelity, and Invesco. This led to their emergence in the list of top 10 ETF issuers by year-to-date inflows with such impactful numbers.
“To those asking, $IBIT is 26% of BlackRock’s flows and 56% of Fidelity’s flows, so yes, it’s having a significant impact on the leaderboard,” Balchunas explained. In addition, Balchunas pointed out that if you remove the Bitcoin ETF inflows from the data, Vanguard would be almost triple anyone else in terms of flows.
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Additionally, he also noted that Fidelity’s flows are heavily influenced by its Bitcoin ETF. The analyst stated that “FBTC is over half of Fidelity’s flows.” As a result of the strong Bitcoin ETF inflows, BlackRock took the second spot with $65.1 billion in inflows just behind Vanguard that led the list with $102.8 billion inflows. Meanwhile, Invesco took the third spot with $34.7 billion. Fidelity claimed the fifth rank with $15.8 billion in flows.
Recent Bitcoin ETF Inflows
According to recent data, on Monday, June 3, Spot Bitcoin ETF flows were positive for $105.1 million, with Fidelity contributing $77 million, Bitwise $14.3 million, and Ark $10.7 million. BlackRock and Grayscale’s GBTC, however, saw zero flows. Nonetheless, the ETF inflow streak continued.
The impact of these inflows on the top 10 ETF issuers list is significant, with BlackRock’s iShares Bitcoin Trust now playing a major role in the company’s overall flows. As Balchunas noted, “IBIT is having a significant impact on the leaderboard,” making it a key player in the ETF industry.
