BlackRock's Bitcoin ETF Ends 71-Day Inflow Streak

BlackRock's iShares Bitcoin Trust recorded its first day without inflows since launch, marking a significant shift in the ETF market.

BlackRock's iShares Bitcoin Trust (IBIT) saw no new inflows on April 24, ending a 71-day streak of daily net inflows.
The halt in inflows coincides with broader net outflows in the U.S. spot Bitcoin ETF sector, totaling $120 million on the same day.
Other Bitcoin ETFs like Fidelity Wise Origin and ARK 21Shares recorded minor inflows, while Grayscale's Bitcoin Trust experienced significant outflows.
The overall U.S. Bitcoin ETF market has accumulated over $12 billion in net inflows since January, despite recent outflows.
Analysts suggest that the cooling off in ETF inflows could be due to a variety of market and geopolitical factors.