BlackRock's iShares Bitcoin Trust Hits $15 Billion Milestone

BlackRock's iShares Bitcoin Trust Hits $15 Billion Milestone

By: Isha Das

Current Happenings

Data from Farside shows that on April 11, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a total inflow of $91.3 million, with BlackRock's IBIT experiencing a significant inflow. The IBIT saw a hefty $192.1 million inflow, bringing its total to over $15 billion, a figure not experienced since April 5. Meanwhile, Valkyrie's Bitcoin Fund (BRRR) recorded an $8.4 million inflow, with its total net inflow reaching $467.5 million. Unfortunately, Grayscale's GBTC has faced an outflow, with an outflow of $124.9 million.

According to data from heyapollo, the difference in BTC holdings between GBTC and IBIT stands at 44,841 BTC, with GBTC holding 314,151 BTC and IBIT having 269,310 BTC.

This milestone for BlackRock's ETF showcases the continually increasing interest and investment in Bitcoin and its significant market potential.

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