Large-scale inflows in a single day: Bitcoin ETF from BlackRock garners close to $1 billion
Catch the Bitcoin Boom on Google News It's no secret that BlackRock's iShares Bitcoin Trust ETF (IBIT) is on fire! According to recent figures from SoSoValue, IBIT raked in a whopping $971 million in a single day on April 28, 2025 – the second-largest single-day inflow since its launch in January 2024.
This massive influx more than made up for the outflows recorded by other ETF products. Sadly, the ARK 21Shares Bitcoin ETF (ARKB) was the biggest laggard on Monday, losing a total of $226 million. Other disappointing performers were the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Grayscale Bitcoin Trust ETF (GBTC), which recorded outflows of $87 million and $43 million, respectively. But IBIT stood tall, being the only ETF in the green. The overall inflows for the day were a robust $591 million.
Now, you may be wondering what's fueling this Bitcoin bonanza. Well, it seems that Bitcoin is playing the role of a financial superhero – – a hedge against the turbulent waters of the stock market. SkyBridge Capital Founder Anthony Scaramucci put it perfectly when he said, " BlackRock has been saying for the last year that many institutions are just watching for evidence that Bitcoin will actually act like a hedge."
Scaramucci goes on to point out that as the market witnessed Bitcoin surging while U.S. dollar confidence wavered, institutional investors flocked to Bitcoin ETFs like never before.
The Bitcoin price has been holding steady above the $94,000 level as a result of these exciting developments. So, if you've been eyeing Bitcoin as the next big investment, it looks like the time might be ripe!
#Bitcoin News
Fun fact: Did you know that this monster inflow is only second to the $1.4 billion inflow that IBIT received back on March 9th, 2025? Whoa, that's some serious dough!
Sources:
- CoinDesk
- Financial Times
- Cointelegraph
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Enrichment Data:
The second-largest single-day inflow into BlackRock's iShares Bitcoin Trust ETF (IBIT) occurred on April 28, 2025, with a purchase of approximately $970 million worth of Bitcoin. This significant influx followed a series of substantial inflows, highlighting several key factors driving this trend:
- Bitcoin's price increase: The surge in inflows coincided with a 7.2% increase in Bitcoin's price over the past week, reaching $94,900. This upward momentum likely encouraged investment, as higher values can attract investors looking to capitalize on potential future gains.
- Comparative advantage: Compared to other ETFs, BlackRock's IBIT has seen significant growth while others experienced outflows. For instance, on April 28, Fidelity's FBTC and ARK ARKB reported declines of $86 million and $226.3 million, respectively. This indicates investor preference for IBIT over competitors.
- Structural support for Bitcoin price: The large inflows into IBIT provide structural support for Bitcoin's price, helping maintain its value appreciation. Analysts view these inflows as a critical factor in stabilizing and potentially boosting Bitcoin prices.
- Institutional confidence: The massive inflows also suggest growing institutional confidence in Bitcoin as an investment vehicle. BlackRock, being a major financial player, entering the market with such significant investments reinforces Bitcoin's credibility and attracts more institutional investors.
- Market dynamics: The recent inflows into IBIT have contributed to it becoming a key player in the Bitcoin ETF market, with over $54 billion in assets under management and accounting for 51% of the spot BTC ETF market share. This dominance and market presence likely influence investor decisions.
- The Second-largest single-day inflow in Bitcoin, worth approximately $970 million, was recorded by BlackRock's iShares Bitcoin Trust ETF (IBIT) on April 28, 2025, highlighting growing institutional interest in cryptocurrencies.
- While IBIT saw a massive inflow, the ARK 21Shares Bitcoin ETF (ARKB) was the biggest laggard on that day, losing a total of $226 million, and the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Grayscale Bitcoin Trust ETF (GBTC) also experienced outflows.
- SkyBridge Capital founder Anthony Scaramucci noted that institutional investors are flocking to Bitcoin ETFs like never before, as the digital currency acts as a hedge against the turbulent waters of the stock market.
- This trend of Bitcoin investment is not new, with Scaramucci pointing out that institutions have been watching for evidence that Bitcoin will act as a hedge for over a year now.
- Fun fact: The only inflow larger than the $970 million IBIT recorded on April 28, 2025, was the $1.4 billion inflow that occurred on March 9th, 2025, demonstrating ongoing strong demand for Bitcoin investments in technology and finance.
