BlackRock Defies Market Trend as Bitcoin ETF Sees $270M Inflow

By: cryptofrontnews|2025/05/03 05:00:01
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BlackRock’s iShares Bitcoin Trust recorded a 13-day inflow streak, adding $270 million in one day despite wider ETF weakness.The broader spot Bitcoin ETF market showed $36.29 million in net outflows as nine out of ten competitors saw declines or stagnation.Grayscale’s Ethereum Trust lost over 3,987 ETH while only Fidelity’s Ethereum ETF attracted positive capital with a $5.97 million inflow.BlackRock's iShares Bitcoin Trust recorded a strong daily inflow of 2,841 BTC, amounting to nearly $270 million. This marks the 13th consecutive day of positive inflows for the fund. The consistent capital movement brought the total inflow to approximately $3.4 billion. This performance comes at a time when most spot Bitcoin ETFs are experiencing reduced investor interest.Despite BlackRock’s gains, the overall market for spot Bitcoin ETFs showed signs of a slowdown. The total net outflow for the day stood at 382 BTC, equivalent to $36.29 million. Nine out of the ten remaining ETFs either reported outflows or no movement. The Fidelity Wise Origin Bitcoin Fund recorded the largest single-day withdrawal, losing 1,462 BTC worth around $138.89 million.Capital Rotates Out of Key Bitcoin ETFsOther notable funds also saw declines. ARK 21Shares posted an outflow of 1,391 BTC, while Bitwise followed with 251 BTC withdrawn. Meanwhile, funds from VanEck, Valkyrie, and Invesco remained flat or posted negligible activity. The total holdings across all Bitcoin ETFs now stand at 1,153,451 BTC, valued at approximately $109.58 billion. The beginning of May has highlighted a clear rotation of capital rather than widespread inflows.On the Ethereum side, similar market behavior was noted. Total net outflows reached 1,648 ETH, equal to about $3.03 million. Grayscale’s Ethereum Trust led the outflows with 3,987 ETH withdrawn, equivalent to $7.32 million. Over the past seven days, this fund has seen more than 8,200 ETH pulled.The only Ethereum-based ETF to post a notable inflow was Fidelity’s Ethereum fund. It added 3,247 ETH, which is worth nearly $5.97 million. While the broader market saw withdrawals, this movement was a rare show of investor confidence in Ethereum-focused instruments.The post BlackRock Defies Market Trend as Bitcoin ETF Sees $270M Inflow appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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