Bitcoin ETFs Resume Inflow Winning Streak; BlackRock’s IBIT Crosses $20B in AUM

As a seasoned crypto investor with several years of experience under my belt, I’ve seen my fair share of market ups and downs. The recent streak of net inflows into U.S.-traded spot bitcoin ETFs is a welcome sight for me after a period of flat to negative performance following an initial phase of euphoria.

Yesterday marked the 15th consecutive day of net inflows for U.S.-listed bitcoin ETFs. The latest surge of investments, coupled with a rally in the price of Bitcoin, pushed BlackRock’s iShares Bitcoin Fund (IBIT) over $20 billion in assets under management for the first time.

As a crypto investor keeping track of the ETF market, I’ve noticed some significant inflows recently. According to Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, approximately $2.4 billion flowed into ETFs during the past month. This is the third-largest amount of new investments in the entire ETF sector.

“Hot sauce investment strategies, which typically exhibit strong rebound after setbacks, are not common. This resilience underscores their durability,” Balchunas stated in a recent post on X.

After the thrilling debut of spot Exchange-Traded Funds (ETFs), investments decreased substantially in April, with some days even recording outflows. Such a trend, according to industry professionals, is quite typical.

Starting from May 16, there has been an average daily inflow of approximately $140 million, based on Farside Investors’ data. Among these ten funds, IBIT is the frontrunner, having attracted $1.1 billion during this period. As of yesterday, IBIT managed a substantial holding of 291,563 bitcoins, equivalent to a value of around $20.15 billion.