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.
This is a developing story, and further information will be added as it becomes available.
BlackRock iShares Bitcoin Trust (IBIT) has notched its first day of $0 in inflows since Bitcoin 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 71-day-long 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. Out of the 10 US-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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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