BlackRock's Bitcoin ETF IBIT Sees $287M Inflow, Leading $471M Total Surge
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Bitcoin ETFs Lead the Market: On January 2, 2024, total inflows into Bitcoin ETFs reached $471 million, with BlackRock's IBIT leading at $287 million in a single-day inflow, indicating strong investor confidence in Bitcoin-backed financial products.
- Ethereum ETFs Show Strong Performance: Ethereum ETFs also performed impressively, with net inflows of $174 million, led by Grayscale's ETHE with $53.69 million, signaling growing investor appetite for Ethereum.
- XRP ETFs Gaining Recognition: Although smaller in scale, XRP ETFs recorded $13.59 million in inflows, reflecting increasing recognition in regulated markets despite past legal hurdles.
- Institutional Confidence Rebounds: These significant inflows suggest rising institutional confidence in digital assets, potentially indicating that 2024 could be a pivotal year for crypto ETF adoption.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
