BlackRock’s Spot BTC ETF (IBIT) recorded $418.8 million in net flows on Dec. 16, making it the most successful ETF launched in more than a decade.
Nate Geraci, CEO of The ETF Store, highlighted that IBIT has beaten about 2,850 ETFs.
“In other words, IBIT has more lifetime inflows than any ETF launched since 2014. It’s done this in just over 11 months,” Geraci added.
Since its launch, IBIT has accumulated $36.3 billion in positive net inflows, surpassing the $36.2 billion in inflows received by spot BTC ETFs traded in the United States, according to Farside Investors.
This amount is nearly three times higher than the $12.4 billion in inflows received by the second-largest spot BTC ETF (FBTC) managed by Fidelity.
In addition, IBIT is also the fund with the largest single-day inflow among BTC ETFs, with a single-day inflow of more than $1.1 billion.
This is more than 2 times higher than the single-day inflow record of $473.4 million for FBTC, the second largest single-day inflow of spot BTC ETFs.
It is worth noting that although Grayscale's GBTC has outflowed $21 billion since the conversion, the spot BTC ETF has still received more than $36 billion in inflows so far this year.
Crypto-related ETFs are one of the main topics in the market this year. They provide institutional investors in the United States with a regulated way to gain exposure to BTC and Ethereum.
Analysts believe that Crypto ETFs are one of the main drivers of BTC's significant growth this year.
In a recent report, Bitfinex analysts pointed out that the adoption of ETFs is one of the main catalysts that can change BTC's previous cycle patterns.
In addition, Eric Balchunas, senior ETF analyst at Bloomberg, highlighted the growth rate of BTC ETFs.
The total assets under management of these products (including futures and leveraged ETFs) traded in the United States reached $130 billion, exceeding the $128 billion of gold ETFs.
Even if we only look at the nearly $117 billion in assets under management of spot BTC ETFs, Balchunas said it is "unreal" that BTC ETFs are so close to gold ETFs just 11 months after launch.
Bitwise also believes that ETFs are one of the two major catalysts for Ethereum's significant growth next year.
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