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cryptonews 2025-04-29 05:04:19

BlackRock’s Bitcoin ETF Posts Second-Largest Inflow Since January Launch

BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded nearly $1b in inflows on Monday, marking its second-largest single-day intake since its debut earlier this year. According to SoSoValue data , IBIT pulled in $970.93m, underlining the renewed appetite among institutional investors for crypto assets. The surge comes amid a broader recovery in Bitcoin markets. Investors have been steadily returning to Bitcoin-linked products, buoyed by signs of resilience in the asset despite volatility in equities. Crypto supporters have pointed out Bitcoin’s relative stability compared to US stocks during periods of economic uncertainty, a trend that has reignited discussions around Bitcoin’s potential as a safe-haven asset. Nearly *$1bil* into iShares Bitcoin ETF today… 2nd largest inflow since Jan 2024 inception. I still remember when there was "no demand". — Nate Geraci (@NateGeraci) April 29, 2025 The IBIT fund is part of a wave of spot Bitcoin ETFs that launched on Jan. 11. That day marked a turning point for the industry, opening the door for traditional investors to gain direct exposure to Bitcoin through regulated market vehicles. Nine new funds debuted alongside Grayscale’s long-running Bitcoin Trust, which converted into an ETF structure the same day. Strong BlackRock IBIT Inflows Contrast With Outflows From Rival Funds James Toledano, chief operating officer at Unity Wallet, said the current momentum stems from multiple factors. He noted that President Donald Trump’s recent silence on crypto matters had helped market sentiment. “Historically, his comments have coincided with price drops, though correlation is not causation,” he said. Toledano added that easing rhetoric around tariffs and the Federal Reserve has lifted investor confidence, alongside the strong inflows into Bitcoin ETFs that reflect renewed institutional support. Despite IBIT’s strong performance, the broader Bitcoin ETF market showed mixed momentum, signaling that investor demand remains selective. Image Source: SoSoValue Monday’s inflows were heavily concentrated in BlackRock’s IBIT, which brought in $970m. In contrast, Fidelity’s FBTC recorded outflows of $86.8m, while Grayscale’s GBTC saw $42.66m in net outflows. Despite IBIT’s Gains, Broader Bitcoin ETF Market Shows Strain Ark Invest’s ARKB fund posted the largest single-day outflow among major ETFs at $226.3m. Despite IBIT’s strong performance, the broader Bitcoin ETF market showed mixed momentum, signaling that investor demand remains selective. The rising demand shows how Bitcoin’s narrative as a hedge against macroeconomic uncertainty is gaining traction again. With US equities under pressure and global markets seeking direction, both gold and Bitcoin have benefited from a pivot toward alternative stores of value. The post BlackRock’s Bitcoin ETF Posts Second-Largest Inflow Since January Launch appeared first on Cryptonews .

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