Second-best single day inflow for BlackRock's Bitcoin ETF, reaching nearly $1 billion.
The hype for US-listed Bitcoin Exchange Traded Funds (ETFs) is back in full swing, with investors pouring a staggering $971 million into BlackRock's Bitcoin iShares ETF (IBIT) over the past seven days.
On April 28, 2025, this whopping inflow set IBIT's record since the U.S. elections in 2024 when investors funneled over $1.1 billion into the product. Despite other ETFs like Fidelity's FBTC, Bitwise's BITB, and ARK Invest's ARKB showing losses, IBIT's AUM skyrocketed to an impressive $42 billion, with an average daily inflow of $130.2 million since its launch in 2024.
In stark contrast, IBIT's competitors such as ARKB (-$226.3 million), struggled with outflows, making IBIT the primary beneficiary of renewed interest in Bitcoin. Eric Balchunas, Bloomberg's ETF expert, called this surge an impressive "two steps forward mode after taking one step back."
Ethereum ETFs also felt the pinch of global economic uncertainties, but they too have shown signs of a positive trend, though not as impressive as IBIT. In the past three trading days, Ethereum ETFs have recorded a combined $231.7 million in net inflows, with BlackRock's ETHA leading the pack. Factors contributing to this recovery could be the high demand for cryptocurrencies as a hedge against USD volatility and the market momentum surrounding digital assets.
- Investors continue to show interest in Bitcoin trading, as evidenced by the $971 million poured into BlackRock's Bitcoin iShares ETF (IBIT) over the past seven days.
- On April 28, 2025, IBIT set a new record for inflow since the U.S. elections in 2024, surpassing the $1.1 billion investor contribution at that time.
- Despite other crypto ETFs like FBTC, BITB, and ARKB experiencing losses, IBIT's Assets Under Management (AUM) skyrocketed to an impressive $42 billion.
- ARK Invest's ARKB, on the other hand, struggled with outflows, making IBIT the primary beneficiary of renewed interest in Bitcoin.
- Even Ethereum ETFs, which have felt the impact of global economic uncertainties, have shown signs of a positive trend, with a combined $231.7 million in net inflows over the past three trading days.
- The high demand for cryptocurrencies as a hedge against USD volatility and the market momentum surrounding digital assets might be contributing factors to this recovery in Ethereum ETFs.
