BlackRock’s spot bitcoin ETF saw half a billion dollars in inflows in first two days | Headlines | News | CoinMarketCap

01/14/2024 05:26
BlackRock’s spot bitcoin ETF saw half a billion dollars in inflows in first two days | Headlines | News | CoinMarketCap

After months of hype and uncertainty surrounding the SEC's approval of spot bitcoin exchange traded products on Wall Street, crypto investors' hopes …

After months of hype and uncertainty surrounding the SEC's approval of spot bitcoin exchange traded products on Wall Street, crypto investors' hopes appear to have been vindicated.

The nine bitcoin ETFs that debuted on the stock market, out of the eleven total that were approved, (Grayscale's ETF is a conversion, while Hashdex is still converting its bitcoin futures fund) took in nearly $1.5 billion in new capital over the first two days of trading, according to preliminary data shared by Bloomberg senior ETF analyst Eric Balchunas. 

In a post on X, Balchunas shared updated numbers for the inflows and volume of the nine ETFs. At the top of the pack is BlackRock's iShares ETF, which took in nearly half a billion dollars of capital in the first two days of trading, presumably due to …

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