A major asset management company, BlackRock’s iShares Bitcoin Trust (IBIT), continues its streak with 70 consecutive days of inflows, adding $62.2 million on April 22, according to Farside Investors data.
This marks it among the top-ten ETFs with the longest inflow streaks. IBIT has gathered over $15.4 billion in Bitcoins, nearing the top spot in the market. In contrast, Grayscale’s Bitcoin ETF saw continuous outflows.
Bloomberg’s Eric Balchunas said, “IBIT inflow streak currently at 69 DAYS. One more day and it moves into Top 10 and ties $JETS (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious.”
On April 22, Bitcoin spot ETFs saw notable movements, with total net inflows of $62.0899 million. Grayscale’s GBTC had a single-day net outflow of $34.993 million, while Fidelity’s FBTC gained $34.8334 million.
Fidelity’s FBTC has surpassed IBIT in daily inflows over the past three sessions. Overall, Bitcoin spot ETFs have seen a cumulative net inflow of $12.384 billion. Bitwise’s CEO predicts increased exposure to Bitcoin ETFs by wealth management firms.