A major asset management company, BlackRock’s iShares Bitcoin Trust (IBIT), continues its streak with 70 consecutive days of inflows, adding $19.7 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.
Also Read: Wealth Firms May Buy More Bitcoin ETF Holdings: Bitwise CEO
