BlackRock’s Bitcoin ETF Sees Nearly $1 Billion Inflow in a Day

Blackrock (IBIT) Records $1 billion in inflows

In a powerful signal of renewed institutional interest in Bitcoin, BlackRock’s iShares Bitcoin Trust (IBIT) has pulled in nearly $1 billion in inflows in a single day. The $970 million surge, recorded on April 29, marks one of the ETF’s strongest daily performances since its launch—and places BlackRock squarely at the forefront of the Bitcoin ETF race.

Institutions Are Getting Picky—and BlackRock Is Winning

While BlackRock was busy breaking records, other major Bitcoin ETFs weren’t so lucky. Fidelity’s FBTC experienced about $87 million in outflows, Grayscale’s GBTC lost $42 million, and ARKB from Ark Invest had a particularly rough day, bleeding $226 million.

The takeaway? Investors are returning to Bitcoin, but they’re becoming more selective. Rather than spreading exposure across multiple ETFs, the trend now favors trusted giants—and BlackRock appears to be the go-to choice for institutional and risk-averse investors.

Bitcoin Sentiment Strengthens as Markets Get Wobbly

The inflow comes amid broader optimism for Bitcoin. With traditional markets facing uncertainty—thanks to shaky global economics, shifting Federal Reserve tones, and geopolitical friction—investors are once again viewing Bitcoin as a “digital gold” hedge.

“People want stability, and Bitcoin is showing it,” said James Toledano, COO of Unity Wallet. He noted that easing tariff tensions and a more dovish Fed outlook are creating a more favorable backdrop for risk assets like crypto.

Surprisingly, even the lack of public statements from former President Donald Trump, usually a vocal figure in market sentiment, has contributed to a calmer investment environment—though Toledano admits it’s hard to quantify.

IBIT’s Surge Sets It Apart From the Pack

The inflows to IBIT are particularly noteworthy when compared with its peers. Despite the combined U.S. spot Bitcoin ETFs drawing in $591 million on April 28, IBIT alone brought in $970 million the following day—outpacing the total market.

Products from Fidelity, Grayscale, VanEck, and Franklin Templeton either experienced outflows or saw no net movement. It’s a clear sign: BlackRock is becoming the institutional safe haven for Bitcoin exposure.

Closing the Gap With MicroStrategy

Perhaps even more striking is how quickly BlackRock’s BTC holdings are catching up to MicroStrategy’s. Currently, IBIT holds 573,869 BTC, just 20,000 BTC behind the 553,555 held by Michael Saylor’s software company.

If the current pace continues, BlackRock could soon overtake MicroStrategy as the largest institutional holder of Bitcoin, giving it even more sway in shaping the asset’s narrative.

Bitcoin Nears $95K Amid Bullish Momentum

With BTC trading just shy of $95,000 after a 7.5% weekly gain, BlackRock’s massive ETF inflow couldn’t come at a more bullish time. The milestone also underscores how traditional finance is steadily integrating with digital assets—something that seemed unimaginable just a few years ago.

Conclusion

BlackRock’s nearly $1 billion single-day inflow isn’t just a number—it’s a statement. A statement that traditional institutions are no longer hesitating, and that Bitcoin has firmly entered the mainstream financial dialogue.