BlackRock’s historic 71-day streak ends as IBIT Bitcoin ETF sees zero inflows

exchange68September 11, 2024

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The BlackRock IBIT Bitcoin ETF’s monumental 71-day streak of inflows since its inception has finally come to an end, as April 24 saw zero net inflows for the fund.

It reached the top 10 of the all-time ETF inflow streak chart before bowing out on a day when Bitcoin fell as much as 5.2% on the day. The chart, which Eric Balchunas of Bloomberg shares, shows the longest historic steak was JEPI at 160 days. BlackRock was well within reach of the top 5, which it could have achieved this month.

Data from Farside Investors shows a net outflow of $120 million from Bitcoin ETFs, mainly due to a $130 million outflow from Grayscale. Other ETFs did record modest inflows despite BlackRock’s zero net flows. Fidelity and Ark Invest saw $5.6 and $4.2 million inflows, respectively. All other funds also recorded zero flows.

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Liam ‘Akiba’ Wright

Senior Editor at CryptoSlate

Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.

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