The position of BlackRock’s Bitcoin ETF could have been higher had it not missed the first seven trading days on the NASDAQ while it awaited approval from the SEC.
BlackRock’s iShares Bitcoin (BTC) exchange-traded fund (ETF) has made it into the top 0.16% of all United States-issued ETF products.
The spot Bitcoin ETF has topped $3.19 billion in flows, according to Feb. 5 data from Senior Bloomberg ETF analyst Eric Balchunas, being surpassed only by broad index funds tracking the S&P 500 and Vanguard’s Total Stock Market ETF.
The latest figure is down 88% from Grayscale’s worst day of outflows on Jan. 22, which saw $640 million leave the newly converted ETF.
