BlackRock’s Bitcoin ETF Leads Market With Unprecedented Inflow Streak

ETF Inflow Streak

The Bitcoin ETF sector has been witnessing notable inflows, particularly BlackRock's iShares Bitcoin Trust ETF (IBIT), which has been on a historic 69-day streak. Bloomberg’s ETF analyst Eric Balchunas emphasized this could signal the increasing integration of Bitcoin into mainstream finance.

BlackRock vs. Competition

While IBIT nears a record, its daily inflow in April averaged $223.4 million, almost double that of Fidelity’s FBTC, the next in line. Unlike its competitors, IBIT has not experienced a day without inflows this month, a stark contrast to Grayscale's Bitcoin Trust facing outflows.

Grayscale's Strategic Response

In response to market shifts, Grayscale plans to launch a low-fee 'Mini Bitcoin ETF.' With the lowest fee among its peers, Grayscale intends to recapture investor interest amidst recent challenges.