Last week was one of the most impressive periods for crypto exchange-traded funds ( ETFs ), in particular Bitcoin ( BTC ). BlackRock was one again ahead of its rivals, recording $446 million worth of BTC inflows on Thursday, October 2, and another $791.55 million on Friday, October 3, according to data retrieved by Finbold from SoSoValue To put things into perspective, Fidelity, for example, saw only $69.58 million added on Friday, while Ark’s net assets rose by $35.48 million. Out of 12 spot Bitcoin ETFs, only five saw no changes at the week’s close, while the rest were in the green. However, the numbers become more staggering when we consider that BlackRock’s net additions were more than four times higher than those of its competitors combined ($193.5 million). Spot BTC ETFs. Source: SoSoValue The overall daily inflows on October 3 were thus at $985.08 million, bringing the weekly total to $3.24 billion. New BlackRock Bitcoin ETPs The world’s largest asset manager is also reportedly preparing to debut its iShares Bitcoin exchange-traded product (ETP) in the U.K. as early as October 8, following the Financial Conduct Authority’s (FCA) decision to lift its ban on retail access to crypto investment products. U.K. retail investors have been barred from buying crypto ETPs due to concerns over volatility and investor protection, but with U.S. regulators and the Trump Administration making their moves this year, the FCA is likewise showing confidence in more digital assets. Of course, the London listing is largely due to the success of the U.S.-listed iShares Bitcoin Trust (IBIT), and it stands to reinforce BlackRock’s role as the key driver of institutional adoption. Given all the bullish developments, Bitcoin rose to a new all-time high over the weekend, trading at $125,559 on Sunday, October 5, before dropping to $124,751 at the time of writing, Monday, October 6. Featured image via Shutterstock The post BlackRock just bought 4x more Bitcoin than every other BTC ETF combined appeared first on Finbold .
