BlackRock’s Bitcoin Trust Logs Zero Flows as ETFs Shed $263M
On April 27, US Bitcoin spot ETFs collectively lost $263M, breaking a nine-day inflow streak, while BlackRock’s IBIT recorded zero net flows, extending a six-month run of flat inflows. Allocator demand for IBIT remains muted despite Bitcoin trading near $76K highs, underscoring stagnant asset growth.
1. Spot Bitcoin ETFs See $263M Outflow on April 27
US spot Bitcoin ETFs collectively lost $263 million on April 27, ending a nine-session inflow streak that had absorbed roughly $767 million over the prior week.
2. IBIT Posts Zero Flows for Six Consecutive Month
BlackRock’s iShares Bitcoin Trust recorded no fresh inflows on April 27, extending a six-month run of flat net flows and reflecting muted allocator interest in the fund.
3. Bitcoin Trading Near $76K Fails to Trigger Inflows
Bitcoin’s price near $75,956 failed to spur significant new allocations, indicating that recent trading highs have not yet translated into renewed demand for IBIT shares.