BlackRock’s Spot Bitcoin ETF Reaches Top 0.16% of All ETFs Issued in US

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BlackRock’s iShares Bitcoin Trust ETF has secured a spot in the top 0.16% of all US ETFs. As of February 5th, the Bitcoin ETF has received inflows of over $3.19 billion, placing it behind only the S&P 500 index funds and Vanguard’s Total Stock Market ETF.

Data from YCharts shows that BlackRock’s ETF is among the top 0.16% of ETFs in the US, out of a total of 3,109 currently trading.

However, Bloomberg ETF analyst Eric Balchunas has calculated a slightly different number of 0.02%, which may consider the global ETF market that includes an estimated 10,000 ETFs.

Fidelity’s Bitcoin Fund is also performing well with $2.51 billion in inflows, ranking it in eighth place among US-based ETF products.