Source: cryptoslate
Compiled by: Blockchain Knight
BlackRock's spot BTC ETF (IBIT) recorded a net inflow of $418.8 million on December 16, making it the most successful ETF launch in over a decade.
Nate Geraci, CEO of The ETF Store, emphasized that IBIT has defeated about 2,850 ETFs.
Geraci added: "In other words, IBIT has more lifetime inflows than any ETF launched since 2014. It achieved this in just over 11 months."
According to data from Farside Investors, IBIT has accumulated $36.3 billion in positive net inflows since its launch, surpassing the $36.2 billion inflows received by all spot BTC ETFs traded in the US.
This amount is nearly 3 times higher than the $12.4 billion inflows of Fidelity's second-largest spot BTC ETF (FBTC).
Furthermore, IBIT is the BTC ETF with the highest single-day inflow, exceeding $1.1 billion.
This is more than double the single-day inflow record of $473.4 million for FBTC, the second-largest spot BTC ETF.
It is worth noting that although Grayscale's GBTC has seen $21 billion in outflows since its conversion, spot BTC ETFs have still received over $36 billion in inflows so far this year.
Crypto-related ETFs have been a major topic in the market this year. They provide a regulated way for US institutional investors to gain exposure to BTC and Ethereum.
Analysts believe that Crypto ETFs are one of the main drivers behind BTC's significant growth this year.
In a recent report, Bitfinex analysts noted that the adoption of ETFs is one of the key catalysts that can change BTC's historical cyclical patterns.
Additionally, Bloomberg senior ETF analyst Eric Balchunas highlighted the rapid growth of BTC ETFs.
The total assets under management of these products (including futures and leveraged ETFs) traded in the US have reached $130 billion, surpassing the $128 billion of gold ETFs.
Even looking solely at the $117 billion in assets under management of spot BTC ETFs, Balchunas stated that for BTC ETFs to be this close to gold ETFs just 11 months after launch is "unreal".
Bitwise also believes that ETFs are one of the two major catalysts for Ethereum's significant growth next year.
