BlackRock’s Bitcoin ETF draws $269 million in the biggest daily inflow since early March
Fhumulani Lukoto
- 2 min read
BlackRock’s iShares Bitcoin Trust pulled in $269.3 million on Thursday, April 9, its strongest one-day inflow since March 4, helping lift total net inflows across US spot Bitcoin ETFs to $358.1 million. The jump snapped a two-day streak of net withdrawals for the category.
The move is another indication of BlackRock’s market dominance. Farside data shows IBIT has now brought in $63.589 billion in cumulative net inflows since launch, while BlackRock lists the fund’s net assets at $56.53 billion as of April 9.
IBIT carried most of the day’s buying
BlackRock drove most of the day’s inflows. Fidelity’s FBTC added $53.3 million, Bitwise’s BITB brought in $11.7 million, ARKB added $4.8 million, Franklin’s EZBC took in $2.1 million, VanEck’s HODL added $2 million, and Morgan Stanley’s MSBT pulled in $14.9 million. No other fund was close to IBIT’s total.
That meant BlackRock accounted for about three-quarters of all net spot Bitcoin ETF inflows on April 9. The category had posted net outflows of $159.1 million on April 7 and $93.9 million on April 8, even though IBIT itself remained positive on the second of those two days.
The flow rebound follows a choppy start to April
The latest jump came just days after US spot Bitcoin ETFs recorded $471.4 million in net inflows on April 6, their strongest day in about six weeks. BlackRock led that session as well with $181.9 million, followed by Fidelity and ARK.
The pattern is hard to miss. The buying is not spread evenly across the market. Money is still flowing mainly into the biggest funds, and BlackRock remains the main vehicle when institutions return to BTC exposure through the ETF wrapper.
BlackRock still sets the pace for the group
IBIT’s size helps explain why one strong session can shift the daily ETF picture so sharply. BlackRock says the fund launched on January 5 2024, charges a 0.25% management fee, and had 1,385,320,000 shares outstanding as of April 9. Competition is picking up. Morgan Stanley’s MSBT began trading this week with a 0.14% fee, below IBIT’s 0.25%. Even so, Thursday’s flows showed BlackRock still holds the centre of gravity in the US spot Bitcoin ETF market.
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Fhumulani Lukoto
Cryptocurrency Journalist
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.