Blackrock Bitcoin ETF Enters Top 10 with Longest Inflows

IBIT, BlackRock’s Bitcoin ETF, is currently among the top 10 ETFs of all time in terms of maintaining consecutive daily investment inflows.

As of Tuesday, April 23, IBIT has had 70 days of inflows. This means that the fund has seen a positive increase in its total holdings of the underlying asset, in this case physical Bitcoin. IBIT has yet to see a day of outflow that has reduced its holdings.

This milestone follows the approval of a series of US spot Bitcoin ETFs earlier this year, which were met with great success.

Since its launch, the US Bitcoin ETF has surpassed $200 billion in total cumulative trading volume, demonstrating the high demand for Bitcoin among investors.

BlackRock CEO Larry Fink has recently noticeably changed his stance on Bitcoin. The company currently holds over 270,000 Bitcoins worth over $18 billion, solidifying its position as a major player in Bitcoin ETFs. This change in attitude from one of the world’s largest asset managers is evidence of the growing mainstream acceptance of Bitcoin as a legitimate investment asset.

This comes after Eric Balchunas, senior ETF analyst at Bloomberg, tweeted yesterday: “We’re now on 69 days of uninterrupted inflows for IBIT. Just one more day and we’ll be in the top 10, tied with $JETS.” .

This performance highlights the continued demand for IBIT and its ability to attract consistent investment.

The success of IBIT and other US spot Bitcoin ETFs sends a positive signal to other countries and existing investors, demonstrating high demand for Bitcoin investment products.

The growing participation of major institutional players like BlackRock is a clear indication that Bitcoin is here to stay and will play an increasingly important role in the global financial landscape.