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While the market worries about a potential cooldown in the crypto sector, one player stands strong: BlackRock. The financial giant’s iShares Bitcoin Trust has now seen positive inflows for thirteen consecutive days. A total of $3.4 billion has flowed into the fund during this streak.
The latest figures on spot Bitcoin ETFs, however, paint a mixed picture. Despite BlackRock’s solid performance, the collective funds registered a net outflow of 382 BTC, worth around $36.29 million. This indicates a shifting dynamic among investors.
BlackRock attracts capital, others lose ground
BlackRock posted an impressive daily inflow of 2,841 BTC, valued at nearly $270 million. Meanwhile, nine out of the ten remaining Bitcoin ETFs saw declines or stagnation. The largest drop came from Fidelity’s Wise Origin Bitcoin Fund, which lost 1,462 BTC—equivalent to roughly $138.89 million.
ARK 21Shares and Bitwise also experienced outflows, shedding 1,391 and 251 BTC respectively. Other providers, such as Vaneck, Valkyrie, and Invesco, showed little to no movement. The message is clear: investors are becoming more selective about where they place their capital.
Bitcoin ETF market starts May with mixed signals
Altogether, the Bitcoin ETF sector now manages 1,153,451 BTC, valued at $109.58 billion. Yet May began with a clear warning: not every fund benefits from the market buzz. Capital is shifting—but not rushing in blindly.
For now, BlackRock appears to have secured the trust of institutional investors. The rest of the market faces the challenge of earning back that same confidence. The coming weeks will be critical for the future of the Bitcoin ETF landscape.
