Bitcoin ETFs See Net Inflows as BlackRock Dominates with $56M Injection

Bitcoin ETFs Show Resilience Amid Market Volatility

Bitcoin ETFs have bounced back into net positive territory, with BlackRock's iShares Bitcoin Trust (IBIT) leading the charge. In the last 24 hours, IBIT saw the largest single-day inflow among Bitcoin ETFs, adding 455 BTC to its holdings, which now total 571,869 BTC. This significant inflow surpassed the outflows from competing ETFs, demonstrating strong investor confidence in BlackRock's product.

Performance Across Bitcoin ETFs

• Fidelity’s FBTC: Maintained its position as the second-largest Bitcoin ETF by assets, with no inflows or outflows reported.
• ARK 21Shares (ARKB): Added 160 BTC, showing moderate growth.
• Bitwise (BITB): Gained 131 BTC, contributing to the overall positive momentum.
• Grayscale’s GBTC: Faced continued pressure with an 8 BTC outflow in the last 24 hours and a seven-day net outflow of 1,137 BTC.

Bitcoin Price Action and ETF Inflows

Bitcoin currently trades around $84,391, recovering from recent volatility. The intraday chart reflects consolidation and a brief upward spike following earlier sell pressure. While daily inflows were positive at 672 BTC ($56.38 million), weekly net inflows remain negative at -2,794 BTC ($234 million), indicating mixed momentum.

BlackRock’s Growing Presence in Digital Assets

BlackRock’s Q1 report highlights its expanding role in the digital asset space:

• Inflows from Digital Assets: $3 billion of its $107 billion ETF inflows came from digital asset products under the iShares line.
• Fee Revenue: The firm earned $34 million from Bitcoin and Ethereum ETFs, less than 1% of its total revenue.
• Assets Under Management (AUM): Digital assets now account for $50.3 billion, representing 0.5% of BlackRock’s total $11.6 trillion AUM.

This growth underscores BlackRock’s strategic positioning in the evolving digital asset landscape, despite the sector’s relatively small contribution to its overall business.