BlackRock’s Bitcoin ETF Monday Posted First Net Inflows in 14 Days

As a seasoned crypto investor with battle-scarred fingers and battle-hardened instincts, I can’t help but feel a sense of cautious optimism upon learning that BlackRock’s iShares Bitcoin Trust (IBIT) has resumed inflows after a 13-day drought. The market’s volatility in recent months, fueled by global uncertainties such as the U.S. presidential election and the Fed’s interest rate decision, has made navigating these waters feel like surfing a stormy sea on a rickety raft.

Today, the BlackRock’s iShares Bitcoin Trust (IBIT) ended a 13-day run of either no change or decreased investments, as it received approximately $15.8 million on Monday, based on information from Farside Investors.

During its string of losses, IBIT saw net withdrawals totaling $23.1 million. This might seem substantial, but it’s relatively small when compared to the over $20 billion worth of assets under management at the fund. Over the same timeframe, U.S.-based spot ETFs collectively experienced approximately $1 billion in outflows.