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.
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