The BlackRock iShares Bitcoin Trust (IBIT) attracted no new investments last April 24, making this the first day since the introduction of Bitcoin ETFs in the US that it recorded 0 inflows, according to Farside Investors data.
Since its launch on January 11, IBIT has consistently received millions of dollars in daily investments, totaling $15.5 billion in just 71 days. However, on April 24, BlackRock received no new investments.
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This is not an isolated incident, as most other Bitcoin ETFs also experienced a decline in inflows. Of the 11 US-registered Bitcoin ETFs, only the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB) saw inflows of $5.6 million and $4.2 million, respectively.
Spot Bitcoin ETFs experienced a net outflow of $120.6 million on the day.
While this is the first time IBIT has received no new investments, it is not uncommon for other ETFs to experience such outflows.