provided by Eric Balchunas, Bloomberg's senior ETF analyst, BlackRock's iShares Bitcoin ETF has managed to secure 64 consecutive days of inflows.tonight for 14th spot all-time. Can it still take in cash despite this wknd's volatility ? We'll…IBIT now has the 14th longest streak among all ETFs after recently surpassing the MSCI USA Minimum Volatility Index, a popular low-volatility fund that aims to offer protection from a bear market.
The streak of Fidelity's Wise Origin Bitcoin Fund ended at a total of 63 days before it eventually recorded zero inflows on Friday.The JPMorgan Equity Premium Income ETF , which offers exposure to large-cap U.S. stocks, comes in third place with 160 days. Vanguard Total International Bond ETF , which invests in non-U.S.-dollar-denominated bonds, boasts 104 days of inflows.
For now, it seems like BlackRock's inflow streak will keep expanding. On Friday, it managed to record a decent $111.1 million worth of inflows., Hong Kong approved several Bitcoin and Ethereum ETFs on Monday. While this was seen as a very bullish development by the cryptocurrency community, Balchunas was quick to pour cold water on these products due to their limited significance."Don't expect a lot of flows . We think they'll be lucky to get $500m," he said.
He named the small size of the local ETF market, the absence of big-name issuers, relatively poor liquidity and high fees as the key reasons why these products are unlikely to attract significant inflows.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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