BlackRock’s Bitcoin ETF Sees Biggest Inflow in Three Months as Crypto Prices Rise
BlackRock’s iShares Bitcoin Trust (IBIT) saw $287.4 million in inflows on Friday, its largest daily gain since October 2024, amid increasing investor interest in crypto-linked funds. This surge coincided with heightened geopolitical tensions after the U.S. military captured Venezuelan President Nicolás Maduro, an event seen as increasing global volatility and influencing markets. While oil futures dropped to four-year lows, crypto markets remained stable, and U.S. spot Bitcoin ETFs collectively recorded $471.3 million in daily inflows—the highest since mid-November—raising weekly net inflows to $459 million. Analysts attributed the inflows to both global instability and start-of-year portfolio rebalancing, plus a shift in tax-loss strategies. The move also reflects perceptions that current U.S. leadership views digital assets as strategically aligned with national interests, favoring a regulatory climate for crypto as a hedge and store of value. Notable inflows were also recorded by Fidelity, Bitwise, and Grayscale Bitcoin ETFs. Bitcoin last traded at $92,670, up 1.4% in 24 hours.
