Bitcoin’s Steady Prices Drive BlackRock’s IBIT to Record 31-Day Inflows and $72 Billion Asset Growth

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a steady influx of capital for over a month, reflecting ongoing institutional interest in the leading cryptocurrency.

Data indicates that IBIT has maintained a streak of 31 consecutive trading days without net outflows since April 14, with an exception on May 13, when the inflows remained unchanged.

Throughout this stretch, the ETF garnered $9.31 billion in net inflows, raising its assets under management to approximately $72 billion.

The President of ETF Store, Nate Geraci, noted that IBIT is now among the top five ETFs in terms of year-to-date inflows within a pool of more than 4,200 listed funds in the United States.

Market analysts point to decreased volatility and improving sentiment as significant factors contributing to IBIT’s attractiveness.

Bloomberg ETF strategist Eric Balchunas mentioned that the fund’s 90-day rolling volatility has hit its lowest point since it was launched. This shift, combined with Bitcoin’s consistent price increases, is attracting larger asset allocators.

Balchunas further emphasized that IBIT’s recent inflow performance significantly outstrips that of other crypto-focused ETFs, indicating its status as the primary choice for institutional investors looking for Bitcoin exposure with minimized risk.

Mike Shell of ASYMMETRY added that IBIT is starting to behave more like a well-established, institutional-grade asset.

He remarked that the asset is operating less like a speculative cryptocurrency and more as a digital store of value, drawing parallels to gold rather than volatile technology stocks.