BlackRock’s Bitcoin ETF record the second best day ever, close to $1B inflow

As the product’s net inflow rate was impressive for seven consecutive days, overall demand and interest in spot Bitcoin ETFs in the U.S. have recovered.

On April 28, however, many showed signs of weakness, while BlackRock’s Ibit stole the show with a record of several months.

Ibit sees nearly 1B inflows

IBIT attracted a net inflow of $970.9 million yesterday, according to Farside Investors data. This became the highest number since the U.S. election (November 7), when investors allocated more than $1.1 billion to the product, the second largest ever.

In contrast, most other ETFs are red, including Fidelity’s FBTC, Bitwise’s BitB, ARK Invest’s ARKB and Grayscale’s GBTC. ARKB lost the most, leaving the fund with $226.3 million. The day was positive, with net inflows of $591.2 million, but it was all due to BlackRock’s IBIT.

As a result, the AUM of the world’s largest Bitcoin ETF soared to just over $42 billion. Since its inception in January last year, the fund has attracted an average of $130.2 million per day.

The ETF continues to begin on April 17. After weeks and weeks of bloodshed that Trump’s escalating trade war against nearly every country, and later narrowed to China, BTC-tracked financial instruments have registered net inflows for seven consecutive days. They attracted more than $3.7 billion in this time frame.

Eric Balchunas, an ETF expert at Bloomberg, commented on the massive inflow to Ibit, saying it was “a step back and two steps forward.”

Damn it. After the ETF takes a step back, the ETF is in a two-step FWD mode, which is the pattern we predicted from the beginning. https://t.co/bnrorn3qmf

– Eric Balchunas (@EricbalChunas) April 29, 2025

ETH ETF reversed the trend?

The local Ethereum ETF also felt the consequences of global economic uncertainty caused by Trump’s tariffs. However, similar to their BTC ETF counterparts, they show some signs of a trend reversal, although not appearing in the same way.

Over the past three trading days (April 24, 25 and 28), they registered a net inflow worth $231.7 million. Blackrock’s Etha leads again, with $40 million on April 24, $54.4 million on April 25 and $67.5 million on April 28.

In fact, yesterday’s figure was the highest since February 4, when the fund attracted as much as $276.2 million.