BlackRock’s iShares Bitcoin Trust (IBIT) saw its largest daily inflow since January as Bitcoin climbed above $92,000, fueled by better macroeconomic conditions and growing institutional interest.
On April 23, BlackRock’s leading Bitcoin ETF saw $643.16 million in net inflows, its strongest single-day performance since January 21. This significant inflow coincides with Bitcoin’s continued rise, surpassing $92,000 amid positive developments in U.S.-China trade relations, influenced by the Trump administration.
IBIT’s strong performance fueled a broader rise in Bitcoin ETF activity, with total spot Bitcoin ETF inflows hitting $916.91 million on Wednesday. This marks the fourth consecutive day of positive inflows for U.S.-listed Bitcoin ETFs, bringing the total for the week to about $2.23 billion.
The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also attracted significant inflows, with $129.5 million and $124.4 million respectively. This strong performance across multiple funds indicates increasing institutional confidence in Bitcoin as a key investment asset.
Macroeconomic Support and Regulatory Tailwinds Strengthen Confidence
The surge in ETF interest comes as Bitcoin breaks above $90,000, driven by President Trump’s signals of easing Chinese import tariffs and confirmation that Federal Reserve Chairman Jerome Powell will stay in his role. Additionally, the pro-Bitcoin stance of new SEC Chairman Paul Atkins has further strengthened market sentiment.
Since their launch in January, U.S. spot Bitcoin ETFs have seen net inflows surpassing $37 billion, with total assets under management reaching $106.39 billion. Leading the way, BlackRock’s IBIT manages around $53.77 billion in net assets and recently won “Best New ETF” at the annual etf.com awards.
The recent streak of positive inflows signals a shift from the outflows seen in early April, indicating renewed institutional confidence in Bitcoin as a strategic asset and inflation hedge. This trend is likely supported by broader market factors, including a weakening U.S. dollar and expectations of Federal Reserve rate cuts by mid-2025.
However, market analysts caution that persistent trade policy uncertainties and inflation concerns could still affect Bitcoin’s trajectory. Investors remain focused on ETF flows and macroeconomic trends as key indicators of continued institutional adoption.
At the time of writing, Bitcoin is trading at $92,840, holding steady above crucial psychological levels as institutional investments continue to flow through regulated ETF vehicles.
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