On Monday, April 22, the BlackRock Bitcoin ETF IBIT registered yet another inflow of $19.4 million, registering 70 consecutive days of inflows ever since launch. This puts BlackRock’s IBIT ETF into the top-ten exchange-traded-funds recording the largest daily streak of inflows.
BlackRock Bitcoin ETF IBIT Shines
So far, BlackRock’s IBIT Bitcoin ETF has amassed more than $15.4 billion worth of Bitcoins as of its current price. While on the one hand, BlackRock has been recording continuous inflows, the Grayscale Bitcoin ETF has registered continuous outflows on the other hand. BlackRock’s IBIT has been swiftly closing the gap with GBTC and could soon become the largest Bitcoin fund in the market.
Earlier today, Bloomberg’s senior ETF analyst Eric Balchunas shared a chart on X, highlighting the potential milestone for BlackRock’s fund, IBIT. If IBIT manages to sustain its streak of 70 consecutive days of net inflows, it will join the ranks of some of the most successful exchange-
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