BlackRock just bought 4x more Bitcoin than every other BTC ETF combined
Last week was one of the most impressive periods for crypto exchange-traded funds (ETFs), in particular Bitcoin (BTC). BlackRock was one again ahead of its rivals, recording $446 million worth of BTC inflows on Thursday, October 2, and another $791.55 million on Friday, October 3, according to data retrieved by Finbold from SoSoValue To put things into perspective, Fidelity, for example, saw only $69.58 million added on Friday, while Ark’s net assets rose by $35.48 million. Out of 12 spot Bitcoin ETFs, only five saw no changes at the week’s close, while the rest were in the green. However, the numbers become more staggering when we consider that BlackRock’s net additions were more than four times higher than those of its competitors combined ($193.5 million). Spot BTC ETFs. Source: SoSoValue The overall daily inflows on October 3 were thus at $985.08 million, bringing the weekly total to $3.24 billion. New BlackRock Bitcoin ETPs The world’s largest...