BlackRock’s IBIT Gobbles $970 Million In Net Inflows As BTC Price Remains Stuck Below $95,000
The price of Bitcoin lingered around $95,000 on Tuesday as investors searched for signs of progress on trade negotiations ahead of critical data releases this week, which may indicate how U.S. President Donald Trump’s economic tariffs are impacting inflation and the economy.
Bitcoin nearly broke $109,000 the day of Trump’s inauguration in January, setting a new all-time record. The world’s oldest and largest cryptocurrency was recently priced at around $94,951, a meagre 0.2% increase over the past 24 hours, according to CoinGecko.
The price lull comes as U.S.-listed spot Bitcoin exchange-traded funds (ETFs) raked in over $590 million in net inflows on Monday, extending a seven-day positive streak.
$591.3 Million Land In Bitcoin ETFs In Single Day
American investors plowed $591.3 million into spot Bitcoin ETFs on Monday, according to data from UK-based investment management firm Farside Investors.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, was the only ETF to receive any inflows. IBIT attracted a staggering $970.9 million — its second-largest inflow since it launched in January 2024. The fund reached $55 billion in assets faster than any ETF in the industry’s 32-year history. This figure accounts for 51% of the total spot BTC ETF market share, per Dune data.
The latest inflows make IBIT the world’s 33rd-biggest ETF among crypto and traditional finance-based ETFs, according to data from ETF Database.
Meanwhile, Ark Invest’s ARKB witnessed net outflows of $226.3 million, while Fidelity’s FBTC bled $87 million in investor money. The other funds, including Grayscale’s GBTC, VanEck’s HODL, and Bitwise’s BITB, also lost money.
“Damn. ETFs are in two steps fwd mode after taking one step back, which is the pattern we predicted from the get-go,” quipped Bloomberg Senior ETF Analyst Eric Balchunas in an X post.
Notably, ETF inflows into spot Bitcoin products topped $3 billion last week, marking the highest such value since November 2024. Overall, the inflows provide fundamental support that could fuel bullish momentum for a sustained rally.
Asset manager ARK Invest recently raised its bull case Bitcoin price target to $2.4 million from $1.5 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.”
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Bitcoin Price Steady At $95,000 As US Bitcoin ETFs See $591 Million Inflows
BlackRock’s IBIT Sees Second-Largest Bitcoin Inflow Since Launch, Nearing $1 Billion
BlackRock’s IBIT Gobbles $970 Million In Net Inflows As BTC Price Remains Stuck Below $95,000
The price of Bitcoin lingered around $95,000 on Tuesday as investors searched for signs of progress on trade negotiations ahead of critical data releases this week, which may indicate how U.S. President Donald Trump’s economic tariffs are impacting inflation and the economy.
Bitcoin nearly broke $109,000 the day of Trump’s inauguration in January, setting a new all-time record. The world’s oldest and largest cryptocurrency was recently priced at around $94,951, a meagre 0.2% increase over the past 24 hours, according to CoinGecko.
The price lull comes as U.S.-listed spot Bitcoin exchange-traded funds (ETFs) raked in over $590 million in net inflows on Monday, extending a seven-day positive streak.
$591.3 Million Land In Bitcoin ETFs In Single Day
American investors plowed $591.3 million into spot Bitcoin ETFs on Monday, according to data from UK-based investment management firm Farside Investors.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, was the only ETF to receive any inflows. IBIT attracted a staggering $970.9 million — its second-largest inflow since it launched in January 2024. The fund reached $55 billion in assets faster than any ETF in the industry’s 32-year history. This figure accounts for 51% of the total spot BTC ETF market share, per Dune data.
The latest inflows make IBIT the world’s 33rd-biggest ETF among crypto and traditional finance-based ETFs, according to data from ETF Database.
Meanwhile, Ark Invest’s ARKB witnessed net outflows of $226.3 million, while Fidelity’s FBTC bled $87 million in investor money. The other funds, including Grayscale’s GBTC, VanEck’s HODL, and Bitwise’s BITB, also lost money.
“Damn. ETFs are in two steps fwd mode after taking one step back, which is the pattern we predicted from the get-go,” quipped Bloomberg Senior ETF Analyst Eric Balchunas in an X post.
Notably, ETF inflows into spot Bitcoin products topped $3 billion last week, marking the highest such value since November 2024. Overall, the inflows provide fundamental support that could fuel bullish momentum for a sustained rally.
Asset manager ARK Invest recently raised its bull case Bitcoin price target to $2.4 million from $1.5 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.”
Read More
Bitcoin Price Steady At $95,000 As US Bitcoin ETFs See $591 Million Inflows