BlackRock Bitcoin ETF (IBIT) has hit a new milestone recently recording 70 consecutive days of inflows ever since the launch this year in January 2024. This puts BlackRock’s Bitcoin investment fund among the top 10 exchange-traded funds with the longest streak of daily inflows.ccording to BlackRock, their spot Bitcoin ETF saw a notable increase in assets under management (AUM) on Monday, adding over $600 million. This surge propelled its total AUM to $18.16 billion. As of the previous Friday’s close, the ETF held $17.55 billion in net assets, as reported by BlackRock.Earlier in the day, Eric Balchunas, a senior ETF analyst at Bloomberg, shared a visual representation on X highlighting a significant milestone for BlackRock’s IBIT fund. He noted that if the fund managed to maintain a 70th consecutive day of net inflows, it would join the ranks of some of the most successful exchange-traded funds in history, per the Crypto News Flash report.Balchunas stated, “IBIT inflow streak currently at 69 days. One more day and it moves into the top 10 and ties JETS.” He pointed out that the JETS exchange-traded fund, focusing on companies in the airline industry, had also achieved 70 consecutive days of inflows. Prior to this development, JETS held the tenth position.According to data shared by the Bloomberg analyst, the JPMorgan Equity Premium Income ETF (JEPI) holds the record with the longest streak of daily inflows, standing at an impressive 160 consecutive days.

$IBIT inflow streak currently at 69 DAYS. one more day and it moves into Top 10 and ties $JETS (a streak I was equally as fascinated by) altho streak ending today would be pretty hilarious, show financial gods have sense of humor via @thetrinianalyst

— Eric Balchunas (@EricBalchunas) April 22, 2024

Bitcoin ETF Inflows ContinueDespite the general slowdown in the market, BlackRock’s IBIT has continued to show robust acquisition trends gaining the top spot among its peers. Second to BlackRock’s IBIT is Fidelity’s FBTC with over $8 billion in AUM.Despite Bitcoin’s price stability, institutional interest in Bitcoin ETFs remains robust, as reported by Crypto News Flash. Collectively, these financial instruments have amassed over 532,342 BTC, exceeding $35.13 billion in value—a milestone that gold ETFs took years to achieve.Following a pause in a five-day streak of consecutive net outflows on Friday, coinciding with Bitcoin’s block reward halving, U.S.-based spot Bitcoin exchange-traded funds saw another day of net inflows on Monday.Spot Bitcoin ETFs recorded a total net inflow of just over $62 million, led by the Fidelity Wise Origin Bitcoin Fund with a significant single-day net inflow of $34.83 million. Additionally, the ARK 21Shares Bitcoin ETF attracted over $22.5 million in net inflows, while The iShares Bitcoin Trust garnered the third-largest net inflow of $19.65 million on the same day.Since trading commenced in January, Grayscale’s spot bitcoin ETF, GBTC, has consistently held its position as the largest among crypto-based funds. However, recent patterns, such as continual outflows, suggest that it could be at risk of losing this title to BlackRock’s competing product.More By This Author:XRP Price Typically Explodes During This Time Frame After Bitcoin HalvingThe Market Recovers Following The Bitcoin Halving And Awful RunXRP Price On The Horizon: Analysts Predict Surge To $1.20 Amid Market Volatility

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