Bitcoin ETF Flows

Overview

The Bitcoin ETF narrative tracks the seismic shift created by the SEC's approval of spot Bitcoin ETFs in January 2024. BlackRock's iShares Bitcoin Trust (IBIT) quickly became the fastest-growing ETF in history, accumulating over $50 billion in assets. The ETF flows have created a new dynamic in Bitcoin markets, institutional demand channeled through familiar financial rails. Perception tracks daily flow data, competitive dynamics between issuers (BlackRock vs. Fidelity vs. Grayscale), and the narrative battles around ETF impact on Bitcoin's price and ethos.

Key events

1. SEC ETF Approval (Jan 2024)

2. IBIT $50B AUM

3. Grayscale GBTC Outflows

Key companies

• BlackRock
• Fidelity
• Grayscale
• Bitwise
• ARK Invest

Key outlets

• Bloomberg
• The Block
• CoinDesk
• CNBC