BlackRock’s Bitcoin ETF Achieves Second-Best Day on Record, Approaching $1 Billion in Inflows

The demand and interest for spot Bitcoin ETFs in the United States is experiencing a resurgence, highlighted by an impressive seven consecutive days of inflows.

On April 28, however, signs of volatility emerged, with BlackRock’s IBIT making headlines as it achieved a record high not seen in several months.

IBIT Sees Nearly $1 Billion in Inflows

According to Farside Investors, IBIT captured a staggering $970.9 million in net inflows yesterday, marking the highest amount since shortly after the US elections on November 7, when over $1.1 billion was invested in the product. This figure ranks as the second-largest ever recorded.

In comparison, most other ETFs experienced declines, including Fidelity’s FBTC, Bitwise’s BITB, Ark Invest’s ARKB, and Grayscale’s GBTC. Among these, ARKB suffered the most significant losses, with $226.3 million exiting the fund. Despite a net positive day of $591.2 million in inflows, this success was attributed solely to BlackRock’s IBIT.

As a result, the asset under management (AUM) of the world’s largest Bitcoin ETF has surged to just over $42 billion, averaging $130.2 million in daily inflows since its launch in January of last year.

The ETFs’ upward trend commenced on April 17. Following a period of decline due to escalated trade tensions initiated by Trump, which initially affected multiple countries but ultimately focused on China, the BTC-tracking financial products have now accumulated seven days of net inflows, gathering over $3.7 billion during this stretch.

ETF expert Eric Balchunas from Bloomberg remarked on the significant inflows into IBIT, characterizing the situation as a “two steps forward” scenario after a previous setback.

Will ETH ETFs Change the Trend?

The spot Ethereum ETFs have also felt the impact of global economic instability brought on by the tariffs implemented by Trump. Nonetheless, they are beginning to show signs of a potential reversal in trends, though not quite as dramatically as their Bitcoin counterparts.

In the last three trading days (April 24, 25, and 28), the Ethereum ETFs have seen net inflows totaling $231.7 million. Once again, BlackRock’s ETHA is leading the way, attracting $40 million on April 24, $54.4 million on April 25, and $67.5 million on April 28.

Notably, the inflow from yesterday represents the highest amount since February 4, when the fund recorded an impressive $276.2 million in inflows.