{"id":24271,"date":"2025-04-29T09:17:16","date_gmt":"2025-04-29T09:17:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24271"},"modified":"2025-04-29T09:17:16","modified_gmt":"2025-04-29T09:17:16","slug":"blackrocks-bitcoin-etf-records-second-best-day-ever-with-close-to-1b-in-inflows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24271","title":{"rendered":"BlackRock\u2019s Bitcoin ETF Records Second-Best Day Ever with Close to $1B in Inflows"},"content":{"rendered":"
\n

The overall demand and interest for the spot Bitcoin ETFs in the US has returned in full force as the products have recorded an impressive streak of seven consecutive days of net inflows.<\/p>\n

On April 28, though, many showed signs of weakness, while BlackRock\u2019s IBIT stole the show with a multi-month record.<\/p>\n

IBIT Sees Almost $1B in Inflows<\/h2>\n

Data<\/a> from Farside Investors shows that IBIT attracted a mindblowing $970.9 million in net inflows yesterday. This became the highest figure achieved since just after the US elections (November 7) when investors allocated over $1.1 billion into the product, and the second-biggest ever.<\/p>\n

In contrast, most other ETFs were in the red, including Fidelity\u2019s FBTC, Bitwise\u2019s BITB, Ark Invest\u2019s ARKB, and Grayscale\u2019s GBTC. ARKB\u2019s losses were the most substantial, with $226.3 million leaving the fund. The day was positive, with $591.2 million in net inflows, but that\u2019s all due to BlackRock\u2019s IBIT.<\/p>\n

Consequently, the world\u2019s largest Bitcoin ETF\u2019s AUM has skyrocketed to just over $42 billion. On average, the fund has attracted $130.2 million per day ever since its establishment in January last year.<\/p>\n

The ETFs continue their streak that started on April 17. After weeks and weeks of bleeding out amid Trump\u2019s escalating Trade War against almost every country, which was later reduced to just China, the BTC-tracking financial vehicles<\/a> have registered<\/a> seven consecutive days of net inflows now. Within this timeframe, they have attracted over $3.7 billion.<\/p>\n

Bloomberg\u2019s ETF expert, Eric Balchunas, commented on the substantial inflows toward IBIT, saying this was a \u201ctwo steps forward mode after taking one step back.\u201d<\/p>\n

\n

Damn. ETFs are in two steps fwd mode after taking one step back, which is the pattern we predicted from the get-go. https:\/\/t.co\/bNRorN3qMf<\/a><\/p>\n

\u2014 Eric Balchunas (@EricBalchunas) April 29, 2025<\/a><\/p>\n<\/blockquote>\n