BlackRock’s IBIT Leads Bitcoin ETF Inflows Amid Market Jitters

Despite market uncertainty, Bitcoin ETFs returned to net inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT), which added 455 BTC in the past 24 hours, according to Lookonchain data. This brought IBIT’s total holdings to 571,869 BTC, cementing its dominance in the sector. The inflow surpassed the combined outflows of other ETFs and highlighted investor confidence in BlackRock’s position.

Fidelity’s FBTC, the second-largest Bitcoin ETF, saw no change, while ARK 21Shares (ARKB) added 160 BTC and Bitwise (BITB) gained 131 BTC. In contrast, Grayscale’s GBTC continued to bleed, posting an 8 BTC outflow on the day and a net seven-day loss of 1,137 BTC.

Overall, Bitcoin ETFs recorded a net inflow of 672 BTC, worth approximately $56.38 million. However, the weekly net flow remains negative at -2,794 BTC, or around $234 million, showing ongoing volatility. Despite the mixed sentiment, Bitcoin's price hovered near $84,391, rebounding slightly from earlier sell pressure and showing signs of consolidation.

BlackRock’s Q1 report also revealed that $3 billion of its $107 billion ETF inflows came from digital assets, with fee revenue from its Bitcoin and Ethereum ETFs totaling $34 million — under 1% of its overall revenue. Digital assets under management stood at $50.3 billion, just 0.5% of the firm’s $11.6 trillion in total AUM.

This surge in IBIT inflows indicates growing institutional interest in Bitcoin despite short-term market uncertainty, signaling potential bullish momentum ahead for crypto-linked ETFs.