BlackRock’s Bitcoin ETF is now the 2nd best ETF in monthly flows
While Bitcoin (BTC) has had a volatile few days, institutional demand for the largest cryptocurrency continues to grow. BlackRock’s Bitcoin ETF (IBIT) in particular has once again made significant strides, continuing its long inflow streak and demonstrating its dominance in the sector. As reported by Senior ETF Analyst Eric Balchunas, the fund has seen approximately $5.175 billion in monthly inflows and now boasts $84.08 billion in assets under management. This makes IBIT the second-best exchange-traded fund (ETF) in terms of monthly inflows, surpassed only by Vanguard S&P 500 ETF (VOO). ETF inflows. Source: Eric Balchunas (@EricBalchunas) Can BlackRock become number one? While BlackRock’s performance is already remarkable, some investors believe it could gain even momentum, especially in light of the new regulatory shifts proposed by the U.S. Securities and Exchange Commission (SEC). Namely, on July 29, the SEC increased the maximum number of opti...