Loading… Loading…
Bitcoin BTC/USD spot exchange-traded funds (ETFs) continued to attract significant investment on March 27, with total net inflows for Bitcoin spot ETFs reaching $243 million.
This news comes as the industry gears up for the Benzinga Future of Digital Assets conference on Nov. 19 which is expected to bring together key players to discuss the latest trends and regulatory developments in the crypto space.BlackRocks IBIT Shines, Grayscale Falters
According to data from SoSoValue, BlackRocks iShares Bitcoin Trust IBIT emerged as the star performer with a single-day net inflow of $323 million.
This positive sentiment comes just weeks after BlackRock CEO Larry Fink expressed his bullish outlook on Bitcoin, suggesting a potential shift in the traditional finance industrys approach to cryptocurrencies.
Conversely, Grayscales Bitcoin Investment Trust GBTC experienced a net outflow of $299 million on the same day.
This could be attributed to several factors, including competition from newer entrants like IBIT and investors seeking alternative investment vehicles.
Ark Invests collaboration with 21Shares on the ARK Innovation ETF ARKB also saw a healthy net inflow of $200 million, showcasing continued interest in thematic ETFs that provide exposure to both digital assets and disruptive innovation.
Also Read: Invest In Altcoins Now Or Wait? What Experts Say Might Surprise YouEthereum ETF Race Heats Up
The spotlight also shines on the ongoing race for a spot Ethereum ETF in the United States.
Fidelity Digital Assets recently filed a Form S-1 with the SEC for a proposed Ethereum ETF that incorporates a staking feature.
However, Bloomberg analyst James Seyffart remains cautious, predicting a potential rejection of this round of applications in May.Loading… Loading…
Despite this skepticism, BlackRock CEO remains optimistic.
He indicated that even if the SEC classifies Ethereum ETH/USD as a security, launching an Ethereum ETF could still be possible.
This statement reinforces BlackRocks commitment to the Ethereum ETF space, joining the ranks of eight other potential issuers vying for SEC approval.Focus On Benzingas Future Of Digital Assets Conference
With Bitcoin spot ETFs experiencing strong inflows and the Ethereum ETF race intensifying, the Benzinga Future of Digital Assets conference on Nov. 19 promises to be a pivotal event for the industry.
Attendees can expect insightful discussions on regulatory clarity, innovative investment vehicles, and the evolving landscape of digital assets.
Read Next: This Altcoin Could Yield 10X Returns, Says 10x Research
Image: ShutterstockLoading… Loading…
