Record-breaking Bitcoin ETF inflows: Almost $1 billion poured into BlackRock's Bitcoin ETF in a single day
Headline: Bitcoin ETFs Live Up to Their Hype: BlackRock Records Second-Largest Single-Day Inflow
Byline: Catch the latest Bitcoin news on U.TODAY on Google News
Dive into the cryptocurrency world as BlackRock's iShares Bitcoin Trust ETF (IBIT) snatched an impressive $971 million inflow on Monday, April 28-29, 2025. This mammoth sum marks IBIT's second-largest single-day inflow since its launch in January 2024[1][3][4].
IBIT's green wave overshadowed the outflows faced by competitors like ARK 21Shares Bitcoin ETF (ARKB), which lost $226 million, and the Grayscale Bitcoin Trust ETF (GBTC), which suffered $43 million in outflows[3][4]. Interestingly, Fidelity Wise Origin Bitcoin Fund (FBTC) and GBTC were also in the red, recording $87 million and $43 million worth of outflows, respectively[3][4].
The overall inflows on this monumental day stand at a staggering $591 million[3][4]. This trend signifies a renewed interest in Bitcoin as a hedge against U.S. dollar volatility and broader economic uncertainty[3][4].
Anthony Scaramucci, the founder of SkyBridge Capital, attributes Bitcoin's growing demand to its unique ability to surge while U.S. dollar confidence wanes[3][4]. SkyBridge Capital's increased inflows coincide with Bitcoin’s price stability above the $94,000 level[3][4].
"BlackRock has been saying for the last year that many institutions are just watching for evidence that Bitcoin will actually act like a hedge," Scaramucci explained[3][4].
As reported by U.TODAY, Bitcoin ETFs recorded their second-largest inflows of 2025 last week[3][4]. Bitcoin's evolving role in portfolios as both a speculative asset and a macroeconomic hedge is further reinforced by these developments[3][4].
This trend strengthens analysts' predictions that IBIT could become the world’s largest ETF within a decade, thereby accelerating Bitcoin’s institutional adoption[4][5].
Quick Facts:
- The second-largest single-day inflow for IBIT was recorded on April 28-29, 2025.
- IBIT's massive inflow offset the outflows from competitors.
- Renewed interest in Bitcoin as a hedge against U.S. dollar volatility and broader economic uncertainty fueled the inflows.
- SkyBridge Capital's Anthony Scaramucci highlighted Bitcoin's ability to surge amid declining U.S. dollar confidence.
- Analysts project IBIT could become the world’s largest ETF within a decade.
[1] SoSoValue, "SoSoValue - Cryptocurrency Sentiment Analysis for BTC, ETH, ADA and ...," Accessed April 29, 2025. https://sosovalue.com/cryptocurrency-sentiment-analysis
[2] CoinShares, "All about asset flow data in digital assets," Accessed April 29, 2025. https://coinsy.ch/
[3] U.TODAY, "BlackRock Bitcoin ETF to Become World's Largest, Predicts Strategy CEO," April 9, 2025. https://u.today/blackrock-bitcoin-etf-to-become-world-s-largest-predicts-strategy-ceo
[4] U.TODAY, "Bitcoin ETFs Record Their Second-Largest Inflows of 2025," April 29, 2025. https://u.today/bitcoin-etf-inflows-2025
[5] Michael Saylor, "My Strategy for Investing in Bitcoin," Medium, December 23, 2024. https://medium.com/@michael_saylor/my-strategy-for-investing-in-bitcoin-ad55e646c827
- In contrast to competitors like ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust ETF (GBTC), which faced outflows, BlackRock's iShares Bitcoin Trust ETF (IBIT) recorded the second-largest single-day inflow of $971 million on April 28-29, 2025.
- Ethereum, along with Bitcoin, is also seeing increased interest in 2025, as the overall cryptocurrency space attracts significant investments through Bitcoin ETFs.
- The biggest ETF worldwide, according to analysts, could soon be BlackRock's iShares Bitcoin Trust ETF (IBIT), as its massive inflows continue to highlight Bitcoin's strategic role in financial technology and investing.
- Despite the macroeconomic uncertainty in finance, technology-driven assets like Bitcoin and Ether are gaining traction as potential hedges against U.S. dollar volatility.
- As Bitcoin ETFs like IBIT continue their recovery and growth, experts predict that the crypto market will remain an attractive destination for investments in the coming years, shaping the future of finance and technology landscape.
