Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC

The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks.

IBIT: 70 Consecutive Days of Inflows, 274K Bitcoins

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has seen uninterrupted inflows for 70 consecutive days. IBIT stands at the forefront of the U.S. spot ETF landscape, commanding a dominant position among the 11 funds approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. In its first-quarter earnings release, Blackrock reported record assets under management of $10.5 trillion.

Bloomberg ETF analyst Eric Balchunas posted on social media platform X Monday morning that IBIT was just one day away from joining the top 10 ETFs with the lengthiest daily inflow streaks. Following an inflow of $19.7 million on Monday, IBIT now enjoys 70 consecutive days of inflows.

Since its launch, IBIT has accumulated 273,892.57 BTC, amounting to an approximate notional value of $18.18 billion.

The amount of bitcoin held by Blackrock’s Ishares Bitcoin Trust is close to that of Grayscale’s Bitcoin Trust (GBTC). GBTC has witnessed significant bitcoin outflows since its transition from a trust to a spot bitcoin ETF in January. As per Grayscale’s website, GBTC’s bitcoin holdings as of Monday totaled 304,220.4615 BTC.

Blackrock CEO Larry Fink recently expressed that he is “very bullish on the long-term viability of bitcoin.” He emphasized that Ishares Bitcoin Trust is “the fastest growing ETF in the history of ETFs,” adding that nothing has accumulated assets as swiftly as IBIT in ETF history. Fink also admitted to being pleasantly surprised by the remarkable retail demand, stating, “I’d never have predicted it before we filed it.”

How do you view the 70-day streak of inflows into Blackrock’s spot bitcoin ETF and the quantity of bitcoin amassed by IBIT since its launch? Let us know in the comments section below. #write2Earn