O Bitcoin spot exchange-traded fund (ETF) of the asset manager BlackRock, IBIT, stopped a streak of entries, on April 24, according to preliminary data shared from Farside Investors platform.
For the first time since it went into operation on January 11th, the ETF Bitcoin of BlackRock did not withdraw any money from its investors. The action caused the interruption of a 71-day sequence of entries.
This month saw inflows slow down in the face of recent price drops in the cryptocurrency market. In addition to BlackRock's Bitcoin ETF, seven other funds also recorded no inflows yesterday.
However, Fidelity's FBTC and ARK 21Shares Bitcoin ETF (ARKB) saw inflows of $5,6 million and $4,2 million, respectively, while Grayscale's GBTC saw outflows of $130,4 million.
It is worth remembering that, in the face of the bull market last month, the spot Bitcoin exchange-traded fund (ETF) iShares Bitcoin Trust (IBIT), owned by BlackRock, began to climb new heights and growth since it debuted on the markets on January 11th. Given this growth at the time, BlackRock's Bitcoin ETF managed to surpass 200.000 BTC.
At the time of publication, the Bitcoin price it was quoted at US$63.242,79, down 3.0% in the last 24 hours.
BlackRock Ethereum ETF: SEC Requests Comments on Amended Proposal
In a recent development regarding spot Ethereum-based exchange-traded funds (ETFs), the U.S. Securities and Exchange Commission (SEC) requested public comments related to changes that were made to asset manager BlackRock's Ethereum ETF proposal, according to information published by The Block.
The request made by the regulator was disclosed in a document presented on April 23. “The Commission is publishing this notice to solicit comments on the proposed rule change, as modified by Amendment No. 1, from interested persons,” highlighted the SEC. On April 19, Nasdaq submitted an amendment to the proposal regarding BlackRock's iShares Ethereum Trust.
