Crypto News– On Monday, BlackRock’s spot bitcoin ETF extended its impressive streak, marking the 70th consecutive day of inflows. This achievement propelled the financial giant’s ETF into the top 10 among exchange-traded funds with the longest daily streaks of inflows.
BlackRock Bitcoin ETF Enters Exclusive Sphere Following 70 Consecutive Days of Expansion
Earlier in the day, Bloomberg senior ETF analyst Eric Balchunas shared a graphic on X showcasing that if BlackRock’s fund, ticker IBIT, maintained its streak for a 70th day, it would join the ranks of some of the most successful ETFs in history.
IBIT inflow streak currently at 69 days. One more day and it moves into top 10 and ties JETS, Balchunas noted. According to data provided by Balchunas, the JETS exchange-traded fund, which holds shares in companies within the airline industry, also achieved a streak of 70 consecutive days of inflows. Prior to Monday, JETS held the 10th position on the list.
On Monday, BlackRock’s spot bitcoin ETF recorded a net inflow of $20 million, as reported by HODL15Capital. Similarly, SosoValue data indicated a net inflow of $19.65 million for the ETF on the same day.
BlackRock’s AUM Surges by Over 600 Million Dollars
On Monday, BlackRock’s spot bitcoin ETF seemingly increased its assets under management (AUM) by over $600 million, reaching a total AUM of $18.16 billion, as reported by the financial institution. As of the previous Friday’s close, the ETF held $17.55 billion in net assets, also according to BlackRock.
For the 70th consecutive day, BlackRock’s spot bitcoin ETF recorded net inflows, securing its position among the top 10 exchange-traded funds with the longest streaks of daily inflows.
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