BlackRock Bitcoin ETF secures $643M inflow

BlackRock’s iShares Bitcoin ETF (IBIT) saw its largest daily inflow in three months, totaling $643.2 million on April 23, coinciding with its recognition as “Best New ETF” at the annual etf.com awards.

The fund, launched in January 2024 alongside ten other spot Bitcoin (CRYPTO:BTC) ETFs, now holds approximately $53.77 billion in net assets, according to BlackRock data.

“I’m pretty sure this is how I voted,” Bloomberg ETF analyst Eric Balchunas remarked, emphasising IBIT’s unprecedented performance.

The fund also claimed the “Crypto ETP of the Year” title, while VanEck’s Bitcoin ETF (HODL) won “Best New ETF Ticker.”

The $643 million inflow contributed to a collective $917 million across all 11 U.S. spot Bitcoin ETFs on April 23, marking the second consecutive day of over $900 million in total inflows.

This surge followed a month largely dominated by outflows due to macroeconomic uncertainties.

Glassnode noted that the prior day’s $912 million inflow equated to over 500 times the 2025 daily average, signaling renewed institutional interest.

The ETF has averaged 45.02 million shares traded daily over the past month, reflecting robust market activity.

Balchunas emphasised IBIT's innovative path, saying that it and the Vanguard S&P 500 ETF (VOO), which took home the title of "ETF of the Year," accomplished "things no one has seen before."

VOO has risen 89% over five years, per Google Finance data.

Industry commentators described the inflow as “massive,” with Apollo Sats co-founder Thomas Fahrer noting its significance amid broader market volatility.

The recognition and inflows underscore growing institutional adoption of cryptocurrency products, according to analysts.

The awards and financial metrics position IBIT as a benchmark for newly launched crypto ETFs, with its performance closely watched amid evolving regulatory and market landscapes.

Data from Farside Investors and BlackRock indicates sustained investor confidence despite fluctuating Bitcoin prices and macroeconomic headwinds.

At the time of reporting, the Bitcoin (BTC) price was $92,539.40.