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BlackRock's iShares Bitcoin Trust Sees $970.9M Inflow Amid 7.2% Bitcoin Price Surge

Coin WorldTuesday, Apr 29, 2025 1:56 pm ET
1min read

BlackRock’s iShares Bitcoin Trust (IBIT) has experienced significant inflows, with $970.9 million pouring in recently, marking its second-largest inflow since its launch in January 2024. This surge in investment comes as Bitcoin's price has risen by 7.2% over the past week, reaching a spot price of $95,200. On April 28 alone, the iShares Bitcoin Trust attracted $591.2 million in new capital, highlighting the growing interest in cryptocurrency investments.

Since April 22, the IBIT ETF has accumulated over $4.5 billion in net inflows, a notable achievement given the broader market downturn that has led to outflows from many other crypto funds. This influx of capital into BlackRock’s ETF suggests a renewed investor confidence in Bitcoin, which has been trending higher as investors shift back to riskier assets, including both crypto and stocks. Additionally, the weakening U.S. dollar has contributed to the positive sentiment surrounding Bitcoin.

Bitcoin’s recent performance has also been compared to gold, with the cryptocurrency’s price rising in tandem with the spot price of gold, which is currently near an all-time high and trading above $3,300 per ounce. Some analysts have noted that Bitcoin is increasingly being recognized as a store of value, earning it the moniker of “digital gold.”

Despite Bitcoin’s 1% gain so far this year, BlackRock’s stock has declined by 10% year-to-date, currently trading at $917.22 per share. The discrepancy between Bitcoin’s performance and BlackRock’s stock price reflects the broader market dynamics and investor sentiment towards traditional financial assets versus cryptocurrencies.

Analysts have a consensus Strong Buy rating for BlackRock’s stock, based on nine Buy and two Hold recommendations issued in the past three months. The average price target for BlackRock’s stock is $1,035.60, implying a potential 12.91% upside from current levels. This optimistic outlook suggests that despite recent declines, analysts remain bullish on BlackRock’s long-term prospects.

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Elichotine
04/29
BlackRock's ETF inflows are 🔥, but $BLK stock lagging? 🤔 Maybe time to reconsider the traditional-crypto mix in portfolios.
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NinjaImaginary2775
04/29
Big money moving to crypto, time to HODL
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Cannannaca
04/29
$IBIT's gains while $BLK dips show the crypto-traditional divide. Are investors betting on digital gold over stocks?
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michael_curdt
04/29
Riskier assets getting love, but crypto volatility still a wild card. Hold at your own peril.
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TheRealJakeMalloy
04/29
Gold and Bitcoin both up? Maybe HODLing was the move all along.
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AIONisMINE
04/29
With $4.5B inflows, is BlackRock becoming the Goldman of crypto? 🚀
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Square_Net_7271
04/29
@AIONisMINE Are they going from BLK to BLX? 🤔
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Inevitable-Candy-628
04/29
BlackRock's ETF inflows are 🔥, but $BLK stock lagging? Time to double down or diversify?
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deejayv2
04/29
Bitcoin's like digital gold, shining in downturns.
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crentony
04/29
BlackRock's ETF is a game-changer for Bitcoin.
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amanoraim
04/29
Bitcoin to the moon or just to the top of the gold chart? 🤔
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zarrasvand
04/29
Crypto market's resilience is wild, especially with Bitcoin tracking gold. Are we in a new store-of-value era?
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FTCommoner
04/29
$TSLA and $AAPL got my money, but considering a slice of $IBIT for diversity. Diversification never hurts, right?
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jstanfill93
04/29
Analysts say Strong Buy, but BlackRock's stock struggling. Are they missing the crypto boat? 🤔
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JSOAN321
04/29
@jstanfill93 yep, BRK lagging, crypto vibes strong.
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Suspicious_Pack_8074
04/29
@jstanfill93 Maybe analysts need fresh eyes on crypto.
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AtavvA
04/29
OMG!I successfully capitalized on the TOPC stock's bearish movement with Pro tools, generating $378!
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Bamagirly
04/29
@AtavvA How long were you holding TOPC before selling? Curious about your strategy.
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OhShit__ItsDrTran
04/29
@AtavvA Nice score! I went long on BTC last month, no regrets. Crypto's my main gig.
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