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blackrock

BlackRock is one of the largest asset management groups in the world, providing risk management and advisory services to institutional and retail clients.
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first_img The BlackRock Bitcoin ETF has outperformed the Vanguard S&P 500 Fund since its listing

According to data from Bloomberg and BlackRock senior ETF analyst Eric Balchunas, posted on the X platform on September 1, BlackRock's iShares Bitcoin Trust (IBIT) has achieved a cumulative return of 71% since its listing in January 2024, outperforming Vanguard's S&P 500 Index Fund (VOO), which had a total return of 66% during the same period. Balchunas described the upward trajectory of IBIT as a roller coaster ride, while the performance of VOO was much steadier in comparison.In 2024, the U.S. Securities and Exchange Commission approved 11 spot Bitcoin ETFs after a decade of rejections, and IBIT began trading that year. Currently, IBIT manages assets of $61.4 billion, making it the largest Bitcoin ETF; the second-largest, Fidelity's Wise Origin Bitcoin Fund, manages nearly $11 billion. BlackRock, which manages over $15 trillion in assets, shook the crypto market after submitting its application for a spot Bitcoin ETF in 2023, providing traditional investors with exposure to Bitcoin and showing higher daily trading activity than other similar ETFs.On the funding side, investors poured back into ETFs in August, with a total investment of over $2.8 billion from August 17 to 27, marking the highest level since Bitcoin reached an all-time high last October. Bitcoin briefly rose to $81,281 last Monday, then fell back on Friday, closing at $77,539, with a 24-hour decline of nearly 1%; Bitcoin has risen nearly 30% over the past month.

first_img The net inflow of the US spot Ethereum ETF reached $225.8 million in a single day, setting a new 10-month high

The US spot Ethereum ETF recorded a net inflow of $225.8 million on Thursday, marking the strongest single-day performance in 10 months and extending the streak of consecutive net inflows to 9 trading days. Data from Farside Investors shows that since August 17, a total of $1.42 billion has flowed in over 9 trading days, with BlackRock's ETHA fund contributing $1.02 billion, accounting for 72% of the total inflows in this category, and there has not been a single day of net selling during this period.Fidelity's FETH became the second largest inflow source with $56 million, while BlackRock's staked Ethereum product ETHB added $20.7 million on the same day. The gap between Ethereum ETFs and Bitcoin ETFs has narrowed to nearly even, with Bitcoin ETFs seeing inflows of $242.3 million on Thursday, just $16.5 million more than Ethereum. Ethereum was priced at approximately $2,477 on Friday, down 0.5% in 24 hours, with a weekly increase of about 5%.Max Shannon, Senior Research Assistant at Bitwise Europe, stated that the funds primarily came from outside the crypto space, with inflows of $713.6 million this week, possibly driven by an increase in risk appetite in traditional markets. He also pointed out that Ethereum's spot trading volume has fallen back to the 16th percentile year-on-year, and if the market is to maintain its upward momentum, spot trading volume needs to recover.

first_img Bitcoin ETF has seen net inflows for eight consecutive days, with over $3 billion in inflows in August

According to SoSoValue data, the U.S. spot Bitcoin ETF saw a net inflow of approximately $232 million on Wednesday, marking the eighth consecutive trading day of net buying, with a total inflow of about $2.8 billion in this round. The Ethereum ETF also experienced net inflows for eight consecutive days, increasing by about $192 million on Wednesday, surpassing a cumulative total of $1 billion. Additionally, XRP funds saw an inflow of $28 million, HYPE products saw an inflow of $15 million, and Solana funds saw an inflow of $9 million.In August, Bitcoin ETF inflows have exceeded $3 billion, making it the strongest month since 2026, approximately double that of April. As of Tuesday, the net assets of Bitcoin ETFs were slightly above $99 billion, an increase of $22 billion from about $77 billion in mid-August, although most of this increase came from price appreciation rather than new funds. BlackRock's IBIT absorbed most of the funds, accounting for about 62% of the total on Monday, with approximately $1.3 billion last week.However, Bitcoin ETFs have still seen a net outflow of about $2.5 billion from 2026 to date, with August recovering more than half of the outflows from May to July. With three trading days remaining this month, if there is an additional inflow of about $160 million, August will surpass October 2025, becoming the month with the highest inflows since the peak in product demand.

BlackRock: The scale of IBIT will continue to grow, currently holding over 765,000 bitcoins

According to Forbes, Bitcoin rose about 20% in the past week, breaking the $80,000 mark for the first time since May. Robbie Mitchnick, head of digital assets at BlackRock, stated that the scale of its Bitcoin spot ETF IBIT will continue to grow as BlackRock is still expanding channels for investors to access and allocate Bitcoin. BlackRock has lowered the minimum size for investors to directly exchange Bitcoin for IBIT shares from $25 million to $1 million. This mechanism allows eligible investors to convert their held Bitcoin directly into ETF shares without having to sell Bitcoin on the market first, potentially avoiding capital gains tax from asset sales.Since its launch, IBIT has become the fastest-growing ETF at multiple scale nodes, currently representing investors holding over 765,000 Bitcoins, valued at approximately $6 billion. Mitchnick noted that real-world risks such as kidnapping, extortion, and custody failures are driving some Bitcoin holders to shift all or part of their self-custodied assets to ETFs. Recently, attacks on some Coldcard hardware wallets have further intensified market concerns about the security of self-custody.Data shows that the 13 Bitcoin spot ETFs in the U.S., led by IBIT, recorded the strongest single-week inflow in nearly 10 months. Talos researchers indicated that this week, Bitcoin's approximately 23% increase and rise in volatility are among the highest in history, with similar trends typically corresponding to above-average returns in the medium to short term. Unlike the breakthrough in May, which lacked ETF funding support and subsequently fell back, this round of increase has structural buying support that was not present before.
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