According to Farside Investors data, BlackRock’s iShares Bitcoin Trust (IBIT), a significant asset management organization, resumed its 70-day streak of inflows on April 22 with an addition of $62.2 million.
Making it one of the top ten ETFs with the longest string of inflows. As it approaches the top of the market, IBIT has amassed approximately $15.4 billion in Bitcoin. Conversely, there was a constant outflow from Grayscale’s Bitcoin ETF.
The net inflows of $62.0899 million on April 22 were noteworthy for Bitcoin spot ETFs. Although Fidelity’s FBTC gained $34.8334 million, Grayscale’s GBTC saw a single-day net outflow of $34.993 million.
IBIT inflow streak is now at 69 DAYS, according to Eric Balchunas of Bloomberg. It would be amusing if the streak ended today, but in one more day, it would tie $JETS and enter the Top 10. I was equally interested by this streak.
For each of the last three sessions, Fidelity’s FBTC has seen higher daily inflows than IBIT. There has been a total net inflow of $12.384 billion into Bitcoin spot ETFs over time. According to the CEO of Bitwise, wealth management companies will invest more in Bitcoin ETFs.
Read also: BlackRock and Fidelity on the Rise, Grayscale’s Market Share Shrinks