BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

BlackRock’s Spot Bitcoin ETF Enters Top 10 ETFs for Longest Inflow Streak: BULLISH

Michael Juanico by Michael Juanico
April 24, 2024
in BUSINESS, CRYPTO
Reading Time: 3 mins read
2
SHARES
28
VIEWS
Share on XShare in TelegramShare on Reddit
  • Blackrock’s Bitcoin ETF IBIT has entered the top 10 ETFs of all-time for the longest streak of daily inflows, reaching 70 consecutive days without outflows.
  • The success of US Bitcoin spot ETFs like IBIT, with over $200 billion in cumulative trading volume since their launch, demonstrates high investor demand for Bitcoin exposure.
  • Blackrock’s CEO Larry Fink has changed his stance on Bitcoin, with the firm now holding over 270,000 BTC worth $18 billion, solidifying its position as a major player in Bitcoin ETFs.

BlackRock’s Bitcoin ETF IBIT has joined the top 10 ETFs with the longest daily inflows streak, solidifying its position as a leader in the US Spot ETFs market.

JUST IN: BlackRock’s #Bitcoin ETF $IBIT has had 71 days of consecutive inflows, entering the top 10 ETFs of all time

— BlockNews.com (@blocknewsdotcom) April 24, 2024

IBIT Achieves Impressive Milestone

As of Tuesday April 23, IBIT has seen 70 days of inflows, meaning that the fund has seen a positive increase in its total holdings of the underlying asset (in this case spot Bitcoin) every day for the past 70 days. IBIT has yet to see a day of outflows, in which its holdings have declined.

This milestone comes after a series of US Spot Bitcoin ETF approvals earlier this year, which have proven to be hugely successful. Since their launch, US Bitcoin ETFs have crossed an impressive $200 billion in total cumulative volume, demonstrating the high demand for Bitcoin among investors.

BlackRock’s Changing Attitude Towards Bitcoin

BlackRock’s CEO Larry Fink has notably changed his stance on Bitcoin recently. The company now holds more than 270,000 bitcoins worth over $18 billion, solidifying its position as a major player in Bitcoin ETFs. This shift in attitude from one of the world’s largest asset managers is a testament to the growing mainstream acceptance of Bitcoin as a legitimate investment asset.

Consistent Demand for IBIT

This achievement highlights the consistent demand for IBIT and its ability to attract a steady stream of investment. The success of IBIT and other US Spot Bitcoin ETFs sends a positive signal to other countries and traditional investors, demonstrating the high demand for Bitcoin investment products.

Bitcoin’s Growing Role in Finance

The increasing involvement of major institutional players like BlackRock is a clear indication that Bitcoin is here to stay and will play an increasingly important role in the global financial landscape.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinBlackRock's spot Bitcoin ETFIBITLarry Finkspot Bitcoin ETF
Tweet1ShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

VivoPower Bets Big on XRP Treasury Strategy with Doppler Finance
CRYPTO

VivoPower Bets Big on XRP Treasury Strategy with Doppler Finance

September 2, 2025
Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum
CRYPTO

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

September 2, 2025
Bitcoin Holds $110K as Bulls Eye $131K Breakout
BITCOIN

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important
CRYPTO

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 
CRYPTO

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump
CRYPTO

Gavin Newsom Teases “Trump Corruption Coin” in Latest Jab at President Trump

September 2, 2025
Load More

Related News

VivoPower Bets Big on XRP Treasury Strategy with Doppler Finance

VivoPower Bets Big on XRP Treasury Strategy with Doppler Finance

September 2, 2025
Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

September 2, 2025
Bitcoin Holds $110K as Bulls Eye $131K Breakout

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

September 2, 2025
Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews