BlackRocks IBIT Sees 31 Days of Net Inflows, Assets Hit $72 Billion

BlackRock’s iShares Bitcoin Trust (IBIT) has seen a remarkable surge in capital inflows over the past month, indicating a sustained interest from institutional investors in the leading cryptocurrency. The ETF has recorded 31 consecutive trading days of net inflows since April 14, with the exception of May 13, when flows remained flat. This consistent inflow has propelled the fund’s assets under management to approximately $72 billion.

Market observers attribute this surge to the declining volatility and improving market sentiment surrounding Bitcoin. The ETF Store President noted that IBIT now ranks among the top five ETFs by year-to-date inflows across a universe of over 4,200 US-listed funds. This positioning underscores the growing institutional confidence in Bitcoin as a stable and attractive investment option.

According to analysts, the 90-day rolling volatility of the fund has reached its lowest level since inception. This stability, combined with Bitcoin’s steady price gains, has attracted larger asset allocators who are increasingly viewing Bitcoin as a digital store of value, similar to gold, rather than a speculative asset. This shift in perception has made IBIT a preferred choice for institutional players seeking Bitcoin exposure without the associated risks of high volatility.

Investment manager Mike Shell of ASYMMETRY echoed this sentiment, stating that IBIT is beginning to behave more like a mature, institutional-grade asset. He highlighted that the asset is not acting like a speculative crypto token but more like a digital store of value, akin to gold, rather than volatile tech stocks. This maturation of Bitcoin as an investment asset is further evidenced by the significant outpacing of other crypto-related ETFs in recent weeks, solidifying IBIT’s position as the go-to choice for institutional investors.