BlackRock’s Bitcoin ETF Is Pulling Away From the Rest of Pack

BlackRock Inc. is starting to dominate the nascent Bitcoin exchange-traded fund sector, with its iShares Bitcoin Trust (ticker IBIT) attracting more investor inflows this week than the rest of the other recent entrants combined.

Rising Bitcoin prices have attracted more investors to the much anticipated group of US spot Bitcoin ETFs — often referred to as the “Newborn Nine” — which were launched last month after the US Securities and Exchange Commission approved the new investment vehicle. Nearly $2.5 billion have flowed into the ETFs this week, with IBIT capturing about 58% of the week’s total, data compiled by Bloomberg ...