BlackRock’s IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days

In Bitcoin terms, IBIT now holds 3.70% of every coin that exists, while the other twelve spot ETFs hold 2.38% between them. In terms of trading activity, the same exists, with $871.32 million of the $1.11 billion that changed hands across all thirteen funds on July 22 going through IBIT alone.

Fidelity's FBTC charges nothing at all, yet it holds $11.38 billion against IBIT's $48.86 billion. A free fund losing more than four to one to a fund charging 0.25% says price is not what decides this. BlackRock wins on distribution, because its products are already on the platforms that pension managers, endowments and financial advisers use every day, so buying IBIT means clicking a button they have clicked a thousand times before.

IBIT also led every session this week, recording $116.48 million on July 20, $163.90 million on July 21 and $38.78 million on July 22, which amounts to $319.16 million of the $499.05 million that came in. Over the previous week it pulled in $204 million while the total ETF funds kept just $75.67 million, because investors were pulling $181 million out of Fidelity's FBTC at the same time.