BlackRock’s IBIT surpasses $15 billion in inflows

exchange68September 11, 2024

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Quick Take

Farside data shows that on April 11, Bitcoin (BTC) exchange-traded funds (ETFs) saw a total inflow of $91.3 million. BlackRock’s IBIT experienced a $192.1 million inflow, its largest since April 5, surpassing $15 billion in inflows with an exact amount of $15.1 billion. Since its launch, IBIT has averaged $240.4 million a day in inflows, a level not seen since April 5.

Bitcoin ETF Flow Table: (Source: Farside)

Farside data reports that Valkyrie’s Bitcoin Fund (BRRR) saw an $8.4 million inflow, its biggest since March 26, bringing its total net inflow to $467.5 million. However, Grayscale’s GBTC faced a $124.9 million outflow, contributing to its total net outflows of $16.1 billion. The total net inflows of all ETFs now stand at $12.5 billion.

According to heyapollo data, GBTC holds 314,151 BTC, while IBIT holds 269,310 Bitcoin, resulting in a 44,841 Bitcoin difference between the two funds.

Bitcoin ETF Tracker: (Source: heyapollo.com)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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