Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»BlackRock iShares Bitcoin Trust (IBIT) ends 71-day streak with zero inflows
BLOCKCHAIN NEWS

BlackRock iShares Bitcoin Trust (IBIT) ends 71-day streak with zero inflows

By Crypto FlexsApril 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock iShares Bitcoin Trust (IBIT) ends 71-day streak with zero inflows
Share
Facebook Twitter LinkedIn Pinterest Email





The BlackRock-managed iShares Bitcoin Trust (IBIT) has achieved a significant milestone, reaching zero inflows for the first time since the launch of the Bitcoin exchange-traded fund (ETF) in the United States. After a 71-day period in which the exchange-traded fund (ETF) regularly received significant investments each day, this marks the end of this trend.

Bitcoin exchange-traded fund (ETF) inflows are slowing.

Other Bitcoin exchange-traded funds (ETFs) also saw a decline in investor interest at the same time as the halt in inflows associated with IBIT. Both Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) successfully attracted inflows of $5.6 million and $4.2 million, respectively. However, except for these two funds, most Bitcoin exchange-traded funds (ETFs) saw no daily inflows.

IBIT’s outstanding performance

Since its initial launch last January, IBIT has performed exceptionally despite the current operating downturn. Exchange traded funds (ETFs) amassed a total of $15.5 billion in assets under management in just 71 days. This performance placed IBIT among the top 10 exchange-traded funds (ETFs) with the longest daily inflows, surpassing the US Global Jets ETF.

ETF inflows and influencing factors

There are a number of reasons why ETF inflows are currently slowing. A study published by UK-based bank Standard Chartered found that the decline in fund inflows was due to macro factors such as rising government bond yields and geopolitical events in the Middle East. Inflows could increase depending on whether Bitcoin spot ETFs are integrated into larger macro funds.

Revenue generated from Grayscale’s GBTC

Grayscale’s GBTC, one of Bitcoin’s most popular investment vehicles, is facing regular daily outflows. Most Bitcoin exchange-traded funds (ETFs) saw no net inflows on the day GBTC registered a net withdrawal of $130.4 million. The outflow has prompted Grayscale to prepare to introduce a new “mini Bitcoin ​​ETF” that would allow it to compete with other companies and cut costs to attract more investors.

Outlook for Bitcoin Exchange Traded Fund

Despite recent declines in inflows, there are indications that interest in Bitcoin exchange-traded funds (ETFs) may be growing once again. Morgan Stanley is reportedly considering allowing its 15,000 brokers to promote Bitcoin exchange-traded funds (ETFs) to their clients, allowing more money to be deposited into the funds. As a further point of interest, the bank’s prior prediction that Bitcoin would reach $150,000 by the end of the year remains accurate.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Cut and try: building a dream

April 17, 2024

SEC Charges DeFi Platform Rari Capital with Misleading Investors and Unregistered Brokerage Operations

September 19, 2024

Following their advice could cost you big money — Study

May 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.