Well, well, well, look who’s having a moment. The BlackRock Bitcoin ETF just hit the jackpot with almost $1 billion in inflows. That’s right, nearly a billion. In a single day. It’s like the Bitcoin version of a sudden, wild hair makeover—unpredictable, a little extra, and possibly life-changing. It’s all happening amid the crypto market’s bigger-than-life bullish trends, making traditional financial folks sit up and pay attention (maybe with a latte in hand). The tracker Sosovalue reported that, while IBIT (yes, we’re using initials like we’re in the cool kids’ club) had its record-breaking moment, other U.S.-based Bitcoin ETFs, sadly, saw outflows. So, it’s like everyone is at the party, and IBIT’s the one with the VIP pass, and the others… well, they’re still in line for a drink. 🤑
BlackRock Bitcoin ETF Takes Charge With Nearly $1B Inflows; Details
According to SosoValue data (they have all the tea), BlackRock’s Bitcoin ETF recorded a cool $970.93 million in inflows in just one day. That’s almost a billion dollars—pretty much the financial equivalent of winning the lottery without actually having to buy a ticket. While some other products like Fidelity and Grayscale were left crying in the corner with zero inflows, IBIT strutted around, tossing around millions like they were confetti at a parade. 🚀
Speaking of the competition, other U.S. spot BTC ETFs had a less-than-stellar showing. In total, only $591.29 million flowed into them on April 28. That’s…cute. 🙃 But it’s a far cry from the BlackRock party, where the music is loud, and the champagne is flowing. Fidelity’s FBTC got hit with an $86.87 million outflow, and Grayscale’s GBTC was in the red by $42.66 million. At least Valkyrie’s BRRR (yes, that’s the name) and Invesco’s BTCO had a positive flow of $0. Hey, better than a negative, right?
BTC Price Holds Above $94K
Meanwhile, Bitcoin itself is all like, “I’m just here, being fabulous,” holding steady above $94,000. This price tag is the result of a weekly gain that’s cruising above 7%. So, yeah, people are feeling bullish—just ask the institutional investors who are practically throwing money at Bitcoin like it’s Black Friday. And let’s not forget that last week, U.S. spot Bitcoin ETFs had a whopping $3.4 billion in inflows. I mean, if this were a movie, it would definitely be an action-packed thriller. 🏎️💥
BlackRock, ever the overachiever, managed to record nearly $1 billion in one single day, because why settle for less when you can just crush it? As crypto-backed traditional financial products continue to rise in popularity (because, why not?), BlackRock’s ETF is the alpha dog. Seriously, if crypto were high school, BlackRock would be the student body president with the gold star on its locker. 👑
CoinGlass reports that Bitcoin’s future open interest (OI) is sitting pretty above the $60 billion mark, and the derivatives market saw a 50% surge to $96.56 billion. So, yeah, everything is just booming right now. Feel free to start writing your own ‘I told you so’ speech for later. 😎
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2025-04-29 12:53