- BlackRock’s Bitcoin ETF starts with a $111 million inflow, with the remaining $889 million expected tonight.
- BlackRock’s ETF sees a premium of 16bps, while Fidelity recorded a negative value.
- New Bitcoin ETFs eye a combined $650 million inflow, but several ETFs have not posted their numbers.
The inflow for iShares Bitcoin Trust (IBIT), specifically BlackRock’s Bitcoin spot ETF shares, has been confirmed to reach $111 million. In a recent update on X, Eric Balchunas, a Senior ETF Analyst at Bloomberg, called the crypto community’s attention to the fund inflows.
According to Balchunas, current data confirmed the $111 million inflow out of the expected $1 billion. He noted that the data is currently delayed and that the rest of the staggering $1 billion in volume is expected to be revealed in tonight’s flow.
$IBIT inflow tame at $111m, but the data is delayed, rest of the $1b in volume will show up in tonight's flow #. Also check out the % prem at 16bps. Fidelity was -4bps. Rest tight too. That's great, this was a worry of cash creates (wide prems) but APs, mkt makers crushed it. pic.twitter.com/Rq…The post BlackRock Bitcoin ETF Sees $111M Inflow, Rest of $1B Arrives Tonight appeared first on Coin Edition.