BlackRock’s Bitcoin ETF Nears New Record With 69-Day Inflow Streak
- BlackRock's iShares Bitcoin Trust ETF (IBIT) has seen 69 consecutive days of inflows, nearing a new record and potentially entering the top 10 list. - In April, IBIT had an average inflow of $223.4 million, with a maximum of $849 million and a minimum of $18 million. - Fidelity's FBTC ETF had an average inflow of $118 million in April, with a maximum of $473 million, but experienced zero inflows for three days. - Grayscale's Bitcoin Trust (GBTC) experienced significant outflows, losing almost 300,000 Bitcoin over three months and recording total outflows exceeding $1.6 billion in April. - Grayscale plans to launch a "Mini Bitcoin ETF" with a reduced fee of 0.15% to address challenges and regain investor interest. - BTC is trading at $66,300, up 2% over the past 24 hours.
