BlackRock’s IBIT only 1 day away from top 10 status with unbroken inflow streak Quick Take
Data from Farside shows that Bitcoin (BTC) exchange-traded funds (ETFs) recorded a net inflow of $59.7 million on April 19 after five consecutive trading days of net outflows. Six of the 11 ETFs saw net inflows for the day, indicating a broad recovery.
Data from Farside shows that Fidelity’s FBTC led the pack with a net inflow of $54.8 million, the largest since April 10, taking its total net inflows to $8,141.4 billion. BlackRock’s IBIT followed closely, attracting $29.3 million in net inflows, the highest since April 15, bringing its total to $15,421.0 billion.
IBIT has now experienced inflows for 69 consecutive trading days. According to senior Bloomberg ETF analyst Eric Balchunas, if this trend continues on April 22, it will secure a spot among the top 10 US ETFs with the longest daily inflow streak.
Grayscale’s GBTC saw a $45.8 million outflow, the smallest net outflow since April 10, bringing its total net outflows to $16,730.5 billion. The Van Eck HODL ETF experienced a small outflow of $1.8 million, its first since March 4, taking its total net inflows to $470.7 million; the combined total net inflows of all Bitcoin ETFs now stand at $12,326.4 billion, according to Farside data.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Eric Balchunas is an American author, ETF analyst, and Senior ETF Analyst at Bloomberg Intelligence.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.