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BlackRock’s Bitcoin ETF Helps Drive $935 Million of First-Quarter Crypto ETF Inflows

BlackRock’s Bitcoin ETF Helps Drive $935 Million of First-Quarter Crypto ETF Inflows

  • Crypto ETFs, including BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF), posted about $935 million in net inflows in the first quarter.
  • Over the same period, BlackRock’s products recorded about $130 billion in net inflows overall, leaving crypto ETFs with a relatively small share.
  • The market sees institutional capital continuing to flow mainly into traditional assets, while whether crypto ETFs expand their share remains a key variable going forward.

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Crypto exchange-traded funds, including BlackRock’s Bitcoin ETF, recorded net inflows in the first quarter, though they made up only a small share of the asset manager’s overall intake.

BlackRock posted…

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