BlackRock IBIT Sees Inflows Amid Bitcoin ETF Outflows

Despite significant outflows from Spot Bitcoin and Ethereum ETFs, BlackRock’s IBIT saw net inflows, highlighting a contrasting trend in the market. A single-day outflow of $291 million impacted markets, primarily driven by rising U.S. inflation and escalating geopolitical tensions. This event caused a decline in Bitcoin and Ethereum prices, leading to increased volatility. 24.63 million USD flowed into BlackRock’s IBIT during this period, while major players such as Fidelity and ARKB ETF witnessed higher outflows.