BlackRock’s Bitcoin ETF daily inflow hits $0 for the first time
BlackRock’s Bitcoin ETF inflow streak ended on April 24 after IBIT recorded no inflows for the day, according to data from Farside.
BlackRock iShares Bitcoin Trust (IBIT) has notched its first day of $0 in inflows since Bitcoin (BTC) exchange-traded funds (ETFs) were introduced in the United States in January.
Ever since its launch on Jan. 11, IBIT has consistently attracted investments worth millions of dollars daily, racking up nearly $15.5 billion in just 71 days. The inflow streak ended for BlackRock on April 24 after it recorded $0 of inflows.
Most of the other Bitcoin ETF participants witnessed a dry spell as well. Of the 11 United States-registered Bitcoin ETFs, Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) were the only two to record inflows of $5.6 million and $4.2 million, respectively.
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Author: Arijit Sarkar
