BlackRock's IBIT Sees $970.9M Inflows, Bitcoin ETFs Gain 11%
2min read BlackRock’s iShares Bitcoin Trust (IBIT) has made headlines with nearly $1 billion in inflows on April 28, 2025. This remarkable performance, driven by substantial Bitcoin ETF inflows, underscores BlackRock’s growing influence in digital asset investments and signals renewed confidence in crypto-backed exchange-traded funds. While competitors experienced outflows or stagnation, ibit uniquely attracted significant capital in a single session, pushing its total assets above $42 billion.
These inflows come at a pivotal moment for crypto markets, which have recently recovered from turbulence caused by international trade tensions. This shift in sentiment is particularly notable for spot Bitcoin exchange-traded funds. The broader Bitcoin ETF ecosystem saw net inflows exceed $3.7 billion over the last week, indicating that large investors are re-evaluating digital assets for their crypto ETF portfolios. BlackRock’s exceptional performance may also suggest sustained capital inflows into this sector.
BlackRock’s IBIT attracted $970.9 million in Bitcoin ETF inflows within one day, representing the fund’s second-largest daily inflow since its launch in January 2024, behind November’s post-election surge. This movement occurred while BTC prices were near $95,000, reflecting technical strength and fresh investor optimism. In contrast, competing funds like Fidelity’s FBTC and Ark Invest’s ARKB saw outflows reaching $86.87 million and $226.3 million, respectively.
This disparity in flows indicates a growing gap between IBIT and its competitors from the perspective of institutional investors. BlackRock’s ETF has had average daily inflows exceeding $130 million since its launch, positioning it as a primary vehicle driving institutional crypto adoption through Bitcoin exposure. Its appeal stems from strong liquidity and the perceived safety linked to the blackrock brand. Additionally, the narrative of digital assets achieving mainstream acceptance contributes to their popularity.
IBIT’s robust performance fuels a recovery trend among crypto investment vehicles after weeks of outflows amid uncertainty. Previous trade tensions unsettled markets, triggering sharp declines in risk assets like BTC. Fortunately, easing concerns and focusing tariffs only on China appear to have steadied investor sentiment recently.
Ask Aime: What's behind BlackRock's IBIT surge?
Consequently, spot Bitcoin ETFs recorded seven straight days of net inflows starting April 17. Totaling over $3.7 billion, these recent Bitcoin ETF inflows signal a clear move back toward digital currencies. This suggests the exchange-traded fund sector is now entering a stronger growth period. Increasing derivative volumes and growing futures open interest support this renewed optimism, further confirming the bullish market trend.
Though IBIT’s surge captured headlines, Ethereum ETFs are also drawing fresh attention from investors. BlackRock’s Ethereum fund (ETHA) registered $162 million in inflows over three days, indicating early recovery signs. While these figures are small compared to IBIT, they show rising interest in diversified crypto holdings. ETHA achieved its best day since February 4 on April 28. It attracted $67.5 million in inflows that day, alongside IBIT’s record performance.
The broader implications of these inflows extend beyond individual funds. They represent growing institutional crypto adoption, validating these products as legitimate financial tools. Currently, Bitcoin is nearing all-time highs, with Ethereum (ETH) also climbing similarly. Consequently, financial advisors and portfolio managers are increasingly willing to recommend these products to their clients. Such growing acceptance could soon enable more crypto-focused ETFs and investment vehicles.
The performance of BlackRock’s IBIT is an important indicator of the condition of the crypto ETF market. Its nearly $1 billion single-day inflow underscores its key market role. With over $42 billion in total assets, it is foundational for institutional Bitcoin access. This expansion clearly shows the influence of established financial firms in adopting new asset types. Investors increasingly seek regulated, accessible products, making IBIT’s success a model for future crypto ETF investment vehicles.
Going forward, sustained Bitcoin ETF inflows could boost growth across the crypto ETF space. Strong price movements in Bitcoin and Ethereum would likely accompany this positive trend. The ecosystem seems ready for expansion as market conditions find stability and regulations become clearer. Ultimately, BlackRock’s IBIT established a new benchmark for performance and for bridging traditional finance with evolving digital assets.
