BlackRock’s iShares Bitcoin Trust (IBIT) recorded no fresh inflows on Monday, as US Bitcoin (BTC) spot ETFs together shed $263 million that day. The pullback ended a nine-day inflow streak.
The reversal arrived at a tense moment for the largest spot Bitcoin product. IBIT flows have been roughly flat for six months. Fresh appetite for allocators appears to have cooled, even as BTC trades near recent highs.
Nine-Day Bitcoin ETF Streak Comes to an End
Data from SoSoValue shows US Bitcoin spot ETFs collectively shed $263 million on April 27. The move broke a nine-session run of inflows. The funds had absorbed roughly $767 million across the prior week.
US Spot Bitcoin ETF Daily Inflow. Source: SoSoValueBlackRock’s IBIT avoided driving the selloff. However, the fund has shown flat net flows for roughly six months. That stagnation comes as Bitcoin continues to trade below the $80,000 psychological level.
BlackRock’s IBIT Net Flows. Source: X/VeloETHB Bucks the Ethereum ETF Trend
US Ethereum (ETH) spot ETFs together lost $50.48 million on the same day. Almost every fund in the category posted withdrawals.
BlackRock’s Staked ETH ETF, ticker ETHB, was the only product in the group to attract fresh capital. The flow split suggests allocators may prefer staked exposure over passive holdings as Ethereum yield rises.
Ethereum ETF Flows. Source: SoSoValueWhat the Mixed Signals Mean for Spot Crypto Funds
Solana (SOL) ETFs also slipped, recording a small $1.21 million net outflow despite a strong weekly figure. Meanwhile, the seven-day BTC ETF window remains positive at $283 million.
For BlackRock, the contrast between IBIT inactivity and ETHB’s lone inflow points to where institutional risk appetite is rotating.
Investors appear to favor yield-bearing products over passive Bitcoin exposure as the second quarter winds down.
The post BlackRock Falls Flat as Bitcoin ETFs End April in Red appeared first on BeInCrypto.
Source: https://beincrypto.com/blackrock-bitcoin-etf-streak-ends/
