Bitcoin ETF Launch Shatters Records, Attracts Over $4 Billion: ‘Biggest Day One Splash In ETF History,’ Analyst Says
Published by
Benzinga
Benzinga
Bitcoin exchange-traded funds attracted over $4 billion in inflows on their first day of trading on Thursday, according to data shared by Bloomberg’s senior ETF analyst Eric Balchunas at market close Thursday. “Easily the biggest Day One splash in ETF history,†the analyst wrote on social media platform X. Blackrock Inc.’s (NYSE:BLK) iShares Bitcoin Trust ETF (NYSE:IBIT) led the pack among the 11 newly launched Bitcoin ETFs, drawing over $1 billion on its first day. This fund charges an annual fee of 0.25%, which is reduced to 0.12% for the first 12 months for assets up to $5 billion. The Gray…