Record-Breaking Bitcoin ETF Inflows: IBIT Shines
Bitcoin ETF managed by BlackRock experiences second-best performance day in its history.
In an unprecedented surge, BlackRock's Bitcoin ETF, IBIT, absolutely crushed it on April 28 with approximately 1 billion dollars in inflows! This makes it the second-best day in history for Bitcoin ETF inflows, following the 1.1 billion dollars recorded on November 7, 2024, post the U.S. elections [1].
The demand and interest in U.S. Spot Bitcoin ETFs are skyrocketing, causing them to record net inflows for an impressive seven consecutive days [1]. However, the tale of the day belongs to IBIT, as it accounted for the entirety of the day's net inflow of 591.2 million dollars [1].
Unfortunately, many Bitcoin ETFs in the market struggled to match IBIT's performance. Fidelity (FBTC), Bitwise (BITB), Ark Invest (ARKB), and Grayscale (GBTC) all saw negative inflows, with ARKB suffering the heaviest blow with a 226.3 million dollar redemption [1].
The tremendous performance of IBIT has significantly boosted its assets under management (AUM) to a whopping 42 billion dollars. Since its launch in January 2024, the fund has been steadily attracting daily inflows of around 130.2 million dollars [1].
In a related development, the influx of capital into ETFs began on April 17, following the conclusion of the trade war initiated by Trump, which was later limited to China only [1]. Since then, there have been seven consecutive days of inflows, totaling an impressive 3.7 billion dollars into ETFs [1].
ETG expert, Eric Balchunas, commented on the strong inflows into IBIT, saying, "One step back, two steps forward."
Ethereum ETFs on the Rise?
Surprisingly, the global economic uncertainty resulting from Trump's tariff policies also impacted Ethereum ETFs, but not as significantly as Bitcoin ETFs [2]. Fortunately, there are signs of recovery in ETH-based products. In the last three trading days (April 24, 25, and 28), Ethereum ETFs recorded a combined net inflow of 231.7 million dollars [2].
BlackRock's ETHA ETF takes the lead in this category, with inflows of 40 million dollars on April 24, 54.4 million dollars on April 25, and an impressive 67.5 million dollars on April 28 [2]. This marks the highest daily inflow since 276.2 million dollars was recorded on February 4 [2].
Institutional demand seems to be concentrated in BlackRock’s Bitcoin ETF (IBIT), while Ethereum ETFs show a broader interest across multiple funds [2][3][4].
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References[1] "IBIT Becomes the Only Bitcoin ETF to Record Positive Capital Inflow on April 28" – April 28, 2025[2] "Are Ethereum ETFs Also Gathering Momentum?" – April 29, 2025[3] "Ethereum ETF Inflows From April 24-28" – April 29, 2025[4] "IBIT Dominates Bitcoin ETF Inflows in Late April" – April 29, 2025[5] " record-breaking Bitcoin ETF Inflows: IBIT Shines" – April 29, 2025
- The record-breaking inflow of approximately 1 billion dollars into BlackRock's Bitcoin ETF, IBIT, on April 28, 2024, made it the second-best day in history for Bitcoin ETF inflows.
- IBIT accounted for the entirety of the day's net inflow of 591.2 million dollars on April 28, 2024, making it the leading Bitcoin ETF.
- Despite the strong performance of IBIT, other Bitcoin ETFs such as Fidelity (FBTC), Bitwise (BITB), Ark Invest (ARKB), and Grayscale (GBTC) saw negative inflows on the same day.
- As of April 29, 2025, IBIT's assets under management (AUM) have significantly boosted to a whopping 42 billion dollars.
