Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:IBIT Threepeats, Netting $1.1B Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 1, 2024

IBIT Threepeats, Netting $1.1B

Reported by Neil Anderson, Managing Editor

One of the new spot bitcoin ETPs is still on top as industry inflows returned this week, according to the latest data from the LSEG Lipper team.

Laurence D. "Larry" Fink
BlackRock
Chairman, CEO
In the U.S. Weekly FundFlows Insight report for the week ending February 28, 2024 (i.e. Wednesday), Jack Fischer, senior research analyst at LSEG Lipper, reveals that $47.4 billion net flowed into mutual funds and ETFs in the U.S. this week. It was the industry's second week of inflows in three weeks, up week-over-week from $11.6 billion in net outflows. Long-term (i.e. non-money-market) funds brought in $4.7 billion in net inflows this week, up from $2 billion in net outflows last week.

Money market funds took the lead this week with $42.7 billion in net inflows, their first week of inflows in four, up W/W from $9.6 billion in net outflows. Other winners this week included: taxable fixed income funds, $3 billion in net inflows; equity funds, $2.5 billion in net inflows (up W/W from $3.5 billion in net outflows); alternative funds, $221 million in net inflows (up W/W from $59 million); and tax-exempt fixed income funds, $72 million in net inflows.

On the flip side, commodities funds suffered $569 million in net outflows this week, up W/W from $501 million. And mixed-assets funds suffered $$500 million in net outflows this week, down W/W from $685 million.

Equity ETFs brought in $9.5 billion in net inflows this week. It was their second week of inflows in the last three weeks, up W/W from $1.5 billon in net outflows.

This week's biggest equity ETF winner was Invesco Trust Series 1 (QQQ). The fund brought in $2.9 billion in net inflows this week.

Conventional (i.e. non-ETF) equity funds suffered $7 billion in net outflows. It was their 107th week of outflows in a row, up W/W from $2 billion.

Taxable fixed income ETFs brought in $2.5 billion in net inflows this week. It was their 10th consecutive week of inflows, up W/W from $476MM.

This week's biggest taxable fixed income ETF winner, for the third week in a row, was BlackRock's iShares Bitcoin Trust (IBIT). The fund brought in $1.1 billion in net inflows, up W/W from $899 million.

IBIT accounted for 69 percent of the $1.6 billion that net flowed into the 10 spot bitcoin ETPs this week. It was the group's sixth consecutive week of inflows, since their debut earlier this year. (The LSEG Lipper team specifically categorizes this new spot bitcoin ETP, and perhaps others like it, with "alternative currency strategies ETFs.")

Conventional taxable fixed income funds brought in $500 million in net inflows this week. It was their ninth week of inflows in a row, down W/W from $2.1 billion.

Municipal bond ETFs brought in $350 million in net inflows this week. It was their first back-to-back inflows week of 2024, up W/W from $102.5 million.

Conventional muni bond funds suffered $278 million in net outflows this week. It was their second week of outflows this year, up W/W from $107 million. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use