BlackRock’s Bitcoin ETF IBIT Ranks 11th in April Inflows With $2.3 Billion Despite YTD Loss
Summary
- BlackRock’s spot Bitcoin ETF IBIT ranked 11th in April inflows, drawing about $2.3 billion.
- IBIT was the only ETF with a negative year-to-date return to rank near the top in inflows, signaling long-term investment demand.
- The market says continued inflows into Bitcoin ETFs, despite volatility, could help strengthen the long-term demand base.
Forecast Trend Report by Period
Inflows into spot Bitcoin exchange-traded funds continued even as returns remained weak this year, in a sign investors are still committing money to the products. The trend suggests longer-term demand.
ETF analyst Eric Balchunas wrote on X on May 4 that BlackRock’s spot Bitcoin ETF, IBIT, ranked 11th in April inflows after attracting about $2.3 billion.
IBIT was the only ETF with a negative year-to-date return to rank among the top inflow gainers, Balchunas wrote. That points to money coming in with a longer-term investment horizon.
He also highlighted DRAM, a newly launched thematic ETF, which ranked 12th in inflows. New thematic ETFs rarely place that high in the early stages, he added.
Market observers say continued inflows into Bitcoin ETFs despite volatility could help reinforce the foundation for long-term demand.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
