BlackRock leads Bitcoin ETF capital inflows, BTC price rebounds

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Crypto.World News reports, according to Crypto.News data, that as of April 23, the U.S.-listed spot Bitcoin ETFs recorded net inflows for the seventh consecutive day, with approximately $336 million in new funds added in a single day, totaling about $1.9 billion over the seven days. Bitcoin prices rebounded during this period, briefly surpassing $79,000 on Wednesday for the first time since the end of January, up about 11% in the past 30 days. BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for the largest share of these inflows, attracting about $1.4 billion over seven trading days, representing over 73% of the total net inflow. IBIT currently holds approximately 809,870 Bitcoins, accounting for 62% of the total assets of U.S.-listed spot Bitcoin ETFs. Morgan Stanley’s Bitcoin Trust (MSBT) saw $95 million in inflows over seven days, with a total net inflow of about $163 million since its launch on April 8. Grayscale Bitcoin Trust ETF (GBTC) experienced approximately $100 million in net outflows, indicating some investors are divesting from older products. Market sentiment has improved, with the Fear and Greed Index rising to 46, but it remains in the “fear” zone, and BTC has declined about 11% since the beginning of the year.

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