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Bitcoin ETFs see $425 million inflow led by BlackRock’s IBIT

Bitcoin ETFs see $425 million inflow led by BlackRock’s IBIT

GrafaGrafa2025/05/07 07:00
By:Mahathir Bayena

Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) saw a strong $425 million net inflow this week, driven entirely by BlackRock’s iShares Bitcoin Trust (IBIT).

IBIT alone attracted $531 million in a single day, offsetting outflows from other funds such as Fidelity’s FBTC, which saw withdrawals of $57.8 million, and Bitwise’s BITB, which lost $22.7 million.

Other ETFs, including Grayscale’s GBTC, Ark 21Shares’ ARKB, and Franklin’s EZBC, recorded smaller outflows, but these were insufficient to counterbalance IBIT’s gains.

Total trading volume across Bitcoin ETFs reached $1.83 billion, with net assets closing at $110.7 billion.

In contrast, Ether (CRYPTO:ETH) ETFs remained inactive, recording no inflows or outflows and maintaining steady net assets of $6.31 billion.

The dominance of BlackRock’s IBIT highlights strong institutional demand concentrated in a single fund, which continues to lead the Bitcoin ETF market with $58.7 billion in assets under management.

Fidelity’s FBTC and Bitwise’s BITB, the second and fourth largest Bitcoin ETFs by assets, are experiencing net outflows, reflecting a divergence in investor preference.

Market observers note that IBIT’s inflows have contributed to Bitcoin’s price stability near $94,500 despite broader market volatility.

The concentrated inflows into IBIT suggest investor confidence in established asset managers amid ongoing crypto market fluctuations.

As one analyst noted, the sustained demand for IBIT “signals strong institutional confidence in Bitcoin’s long-term prospects.”

Meanwhile, the lack of activity in Ether ETFs indicates a more cautious investor stance toward Ether exposure at present.

At the time of reporting, the Bitcoin (BTC) price was $96,525.09.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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