BlackRock's IBIT ETF Observes No New Inflows for the First Time Since Launch

BlackRock's IBIT ETF Observes No New Inflows for the First Time Since Launch



The BlackRock iShares Bitcoin Trust (IBIT), a pioneering figure in the U.S. Bitcoin ETF landscape, has recorded its inaugural day without new inflows since the advent of these funds in the United States this past January. Despite a robust beginning with continuous daily inflows amassing approximately $15.5 billion within the first 71 days, April 24 marked a notable shift as IBIT logged zero new investments.



This stagnation in inflows was not isolated to BlackRock. The U.S. Bitcoin ETF market, comprising 11 registered funds, saw minimal activity with only the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) registering inflows of $5.6 million and $4.2 million, respectively. Conversely, the Grayscale Bitcoin Trust ETF (GBTC) reported significant outflows, losing $130.4 million on the same day, netting a


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#Bitcoin, #BitcoinETF, #BTC, #BTCETF, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #IBIT, #News, #Regulations

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