Financial behemoth BlackRock's Bitcoin spot exchange-traded fund (ETF) has experienced continuous growth for 70 consecutive days, edging closer to setting a new record. If this streak extends for another 90 trading days, it will match JP Morgan's Equity Premium Income (JEPI) 160-day streak.
Since January 12, BlackRock's Bitcoin spot ETF has recorded more deposits than withdrawals every trading day, marking its 70th consecutive day of growth. This consistent performance has propelled the fund's assets under management to $18.15 billion, accompanied by Bitcoin's 4% increase over the weekend.
Top 10 ETF Inflow Streaks
The ETF's streak places it in the top 10 for the longest daily inflow streaks since 2004, alongside the U.S. Global Jets ETF. With the ticker IBIT, BlackRock's fund has attracted significant investor interest, positioning itself among the top performers in the ETF market.
Analyst Insight
Eric Balchunas, senior ETF analyst for Bloomberg, anticipated this milestone and humorously remarked on Twitter about the possibility of the streak ending prematurely. However, the fund's resilience prevailed, with a near $20 million inflow sustaining its streak.
JEPI's Unmatched Streak: Traditional Giants' ETF Dominance Continues
While BlackRock's achievement is noteworthy, it remains distant from JEPI's record-setting streak of 160 days. JEPI's remarkable performance significantly exceeds other ETFs, showcasing the dominance of traditional financial giants in the market.
The ETF's success amidst the recent Bitcoin halving contradicts concerns about investor uncertainty. Despite reports of outflows from Bitcoin ETFs surrounding the event, BlackRock's consistent inflows suggest a positive investor sentiment unaffected by the halving.
Cheng Yuan
