Bitcoin ETFs Extend Inflow Streak to Seven Days with BlackRock Dominance

2 hour ago 5 sources positive

Key takeaways:

  • BlackRock's $1.4B IBIT dominance signals institutional confidence, but investor rotation from GBTC reveals continued market inefficiencies.
  • Ethereum ETFs' ten-day inflow streak outpaces Bitcoin's, suggesting shifting capital flows toward ETH as a structural trend.
  • Despite ETF inflows and fear index recovery, Bitcoin's 11% YTD loss warns of fragile sentiment and potential pullback risks.

US-listed spot Bitcoin exchange-traded funds have recorded net inflows for seven consecutive trading days, reflecting renewed institutional interest as Bitcoin briefly climbed above $79,300 before retreating to around $77,800. According to data from Farside Investors, Wednesday saw net inflows of $336 million into Bitcoin ETFs, extending a streak that has brought in approximately $1.9 billion since mid-April.

BlackRock's iShares Bitcoin Trust (IBIT) led the latest inflow period, attracting about $1.4 billion during the seven sessions — representing more than 73% of total net inflows. IBIT now holds roughly 809,870 Bitcoin, giving it about 62% of total assets held by US-listed spot Bitcoin ETFs. This underscores BlackRock's dominant position in the current ETF cycle.

Other funds also posted significant inflows: Fidelity's FBTC added $56.7 million, Bitwise's BITB saw $15.4 million, and Ark Invest's ARKB recorded $11.9 million. Morgan Stanley's MSBT, launched on April 8, attracted $11.3 million on Wednesday and $95 million over the full period, reaching about $163 million since its debut without a single day of outflows.

In contrast, Grayscale's GBTC continued to see redemptions, with $100 million in outflows over the seven days and $16.6 million on Wednesday alone. This trend suggests some investors are rotating out of older products into newer, more cost-efficient vehicles.

Ethereum ETFs also extended their inflow streak to ten consecutive days, adding $96.4 million on Wednesday. BlackRock's ETHA led with $53.6 million, followed by Fidelity's FETH at $40.6 million. The total inflow over the ten-day period reached $633.6 million. Meanwhile, XRP spot ETFs saw modest inflows of $2.4 million, while Solana spot ETFs recorded zero flows.

The improving sentiment is reflected in the Crypto Fear & Greed Index, which rose to 46 — its highest since late January — though still in "fear" territory. Bitcoin remains down about 11% year-to-date despite the recent rebound and sustained ETF demand.

Disclaimer

The content on this website is provided for information purposes only and does not constitute investment advice, an offer, or professional consultation. Crypto assets are high-risk and volatile — you may lose all funds. Some materials may include summaries and links to third-party sources; we are not responsible for their content or accuracy. Any decisions you make are at your own risk. Coinalertnews recommends independently verifying information and consulting with a professional before making any financial decisions based on this content.