BlackRock Leads Bitcoin ETF Inflows as $1.9B Streak Pushes BTC Near $80,000

US Spot Bitcoin ETF Inflows and Market Momentum

US-listed spot Bitcoin ETFs have recorded strong momentum, posting a seven-day inflow streak totaling $1.9 billion as Bitcoin continues its recovery toward the $80,000 level. According to Farside data, the funds saw $335.8 million in inflows on Wednesday alone, marking the seventh consecutive day of positive flows.

This inflow streak has already surpassed the March run, which totaled $1.2 billion over a similar seven-day period. Combined assets under management across Bitcoin ETFs now stand at around 1.3 million BTC, valued at approximately $103 billion based on Wallet Pilot data.

BlackRock IBIT Dominates ETF Market Flows

BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the market, accounting for more than 73% of total inflows at $1.4 billion during the streak. The fund now holds about 809,870 BTC, representing roughly 62% of total US spot Bitcoin ETF assets.

Morgan Stanley’s Bitcoin Trust also contributed $95 million in inflows since launch, while Grayscale Bitcoin Trust saw around $100 million in outflows during the same period.

Bitcoin has gained about 11% over the past month and briefly crossed $79,000, its highest level since January.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.