Unprecedented Run for BlackRock's Bitcoin ETF Enters Top 10 and Continues Positive Inflow

By: Isha Das

Overview

Data from Farside reveals that Bitcoin (BTC) exchange-traded funds (ETFs) experienced a significant inflow netting $62.2 million on April 22, marking consistent net inflows since April 11 for the first time. The smallest outflow since April 10 was also reported by Grayscale GBTC, which was a $35 million outflow possibly due to the plan to launch a mini-trust ETF with competitive 0.15% fees. This may have contributed to the reduced outflow.

BlackRock's IBIT experienced a net influx of $19.7 million, reinforcing its place in the top 10 consistent US ETF inflows with an impressive streak of 70 days. There has been a positive trend, with 7 of 11 ETFs experiencing net inflows. In total, ETFs have seen massive inflows valued at approximately $12.388.6 billion.

Data provided by Heyapollo disclose that the total BTC holdings of the ETFs currently stand at about 838,568 BTC. GBTC maintains 303,828 BTC, whereas IBIT holds 273,903 BTC, reflecting a marginal difference of only 29,925 BTC between them.