Tuesday, Bitcoin ETFs managed record $31.6 million in net flows, according to the latest data provided by London-based investment management firm Farside Investors.
BlackRock's IBIT managed to extend its entry streak, recording 71 days in the green. Interestingly, the ETF managed to attract the same amount of assets under management as the Gold ETF (GLD) in 808 days.
Earlier this month, IBIT joined the exclusive ETF club with 70 days of interrupted growth. This club includes names like the JPMorgan Equity Premium Income ETF.
It's worth noting that BlackRock also broke the record as the fastest ETF to reach $10 billion in assets under management, significantly surpassing the gold ETF in March.
Ark's ARB and Bitwise's BITB also saw decent inflows ($33.3 and $23.3, respectively).
Fidelity's $4.4 fund saw relatively modest inflows of just $4.4 million, lagging its competitors after recently ending its streak of uninterrupted daily inflows.
At the same time, Grayscale's GBTC saw significant capital outflows approaching $67 million.
Hong Kong Cryptocurrency ETFs
At the same time, Hong Kong is set to launch a series of Bitcoin and Ethereum spot ETFs. They are set to begin trading by this month, according to a Bloomberg report.
As reported by U.TodayEric Balchunas, senior ETF analyst at Bloomberg Intelligence, recently predicted that Hong Kong crypto ETFs would see low demand due to the lack of large players and relatively low liquidity.