The Bitcoin community has become increasingly worried about BlackRock’s spot Bitcoin exchange-traded fund (ETF) as it has halted inflows for several consecutive days, which is a first since its launch. The iShares Bitcoin Trust (IBIT), which is the fastest-growing spot Bitcoin ETF in the US, has not seen any inflows since April 24. The fund has held the same amount of BTC, 274,462, over the past four trading days. This halt in inflows, after a 71-day streak of consistent new investments, has raised concerns among some crypto observers. However, others argue that the 71-day streak was more extraordinary than the past four days with zero inflows. This period of zero inflows from BlackRock comes at a time when other ETF issuers, including Grayscale Investments, are also experiencing outflows from spot Bitcoin ETFs. Despite this, the total holdings of BTC ETFs in the US have increased by 33.1% since January 11, reaching a total of 831,424 BTC as of April 29.
BlackRock's Bitcoin ETF experiences a four-day pause in daily inflow.