BlackRock BTC ETF sees 0 daily inflows for first time since launch
Key Takeaways
- On April 24, BlackRock’s iShares Bitcoin Trust (IBIT) recorded no new inflows for the first time since its launch.
- Of the 11 Bitcoin ETFs, only FBTC and ARKB attracted new investments on this day.
- The US SEC is delaying its decision on the Ether ETF.
On April 24, BlackRock’s iShares Bitcoin Trust (IBIT) became the first Bitcoin exchange-traded fund (ETF) approved by the United States. A day with no new influx.
So far, IBIT has consistently Since its launch last January, it has attracted investment every day. It raised about $15.5 billion in 71 days.
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While this was the first zero inflow day for IBIT, it is not unique in the broader Bitcoin ETF market. I also have experience with other funds. A day without new investment In recent weeks.
According to Farside data, among 11 Bitcoin ETFs registered in the U.S. on this day: Only Fidelity Wise Origin Bitcoin Fund (FBTC) ARK 21Shares Bitcoin ETF (ARKB) has seen new inflows. They received $5.6 million and $4.2 million, respectively.
Grayscale Bitcoin Trust ETF (GBTC) continued its downward trend. The $130.4 million outflow contributed to a net outflow of $120.6 million across all Bitcoin ETFs. Grayscale’s total outflows currently amount to approximately $17 billion.
furthermore, Several Bitcoin ETF participants are seeking regulatory approval to launch Ethereum-based ETFs. However, the U.S. Securities and Exchange Commission (SEC) A decision on these applications has been postponed. In its April 23 notice rule, the SEC stated:
The Commission determines that it is appropriate to specify a longer period of time for issuing an order approving or disapproving a proposed rule change so that it has sufficient time to consider the proposed rule changes as modified by Amendment 1 and the issues raised. . There.
BlackRock’s record of a single day without IBIT inflows is therefore consistent with regulatory delays and challenges that reflect the complexity of cryptocurrency investing.
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