The post BlackRock Bitcoin ETF Surges with $643M Inflow, Bags Award appeared on BitcoinEthereumNews.com.

Inflows totalling $643 million were recorded in BlackRock’s IBIT ETF on April 23, 2025. IBIT won the Best New ETF award at etf.com awards. On 23rd April 2025, BlackRock’s iShares Bitcoin Trust (IBIT) broke the record in net inflow, which was $643 million. The inflow was also the largest single-day inflow into the fund since January 21, 2025. IBIT was recognised as the Best New ETF at the annual ETF awards ceremony, which was conducted by etf.com later that day. This award is actually indicative of the fact that institutional investors are increasingly interested in putting money into Bitcoin exchange-traded funds (ETFs), indeed. On April 23, at the end of the trading day, a total of $916.91 million was brought in by Bitcoin Spot ETFs. The sector had seen positive inflows for four days running. We have $106.39 billion in the total net asset value of Bitcoin spot ETFs, with a market cap ratio of 5.72% of Bitcoin’s market value. BlackRock Dominates Bitcoin ETF Inflows The largest daily inflow of $643 million went to IBIT of BlackRock. It brought its all-time net inflow of $40.63 billion since its launch in January 2024.  Other ETFs also reported inflows. ARK Invest and 21Shares’ ARKB fund have $3 billion and saw a daily net inflow of $129.50 million. With regards to BITB, its historical net inflow is $2.08 billion versus a net outflow of $15.25 million in the present. A cumulative historical net inflow of $37.61 billion was recorded for Bitcoin Spot ETFs over the course of their existence. This figure represents the whole amount. The demand from institutional investors is extremely high in this regard. A daily average volume of 45.02 million shares has been recorded for IBIT over the course of the past thirty days. According to Google Finance, the price…

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Filed under: News - @ April 24, 2025 9:25 pm