PANews, October 2 – According to Eric Balchunas, a senior ETF analyst at Bloomberg, the Assets Under Management (AUM) of BlackRock's Spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has reached $90.7 billion, making it the first time it has entered the top 20 of all ETFs globally.
Farside data shows that yesterday (October 1), all US Spot Bitcoin ETFs recorded a total net inflow of $676 million. Among them, IBIT led with a single-day net inflow of $405.5 million, the largest single-day inflow since August 14.
The large inflow of funds into the ETF occurred simultaneously with the rise in Bitcoin prices, with Bitcoin prices increasing by 4% yesterday, briefly surpassing $119,000.
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