President of The ETF Store: BlackRock IBIT has attracted $15 billion in funds so far, while gold ETFs have seen billions of dollars outflow
Nate Geraci, President of The ETF Store, posted on X platform that the BlackRock IBIT has seen its first outflow of $37 million since its IPO, and has since attracted over $15 billion. In addition, iShares Gold ETF saw an outflow of $1 billion and SPDR Gold ETF saw an outflow of $3 billion this year, while gold prices rose 16% compared to the same period last year. This is what ETFs do, and fund inflows do not rise in a straight line.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US Officials Allegedly Don’t Know How Much Bitcoin They Hold – Here’s More Allegations of Mismanagement
It is alleged that US authorities do not know the amount of cryptocurrencies they have seized so far and obtained through forks.
Bittensor (TAO) Poised for 125% Surge, Says Popular Analyst

Memereum Nears $2M in Presale, Unveils V3 Website, and Launches New Whitepaper Following Rebrand

US SEC drops investigation into NFT platform OpenSea
Trending news
MoreCrypto prices
More








