BlackRock’s iShares Bitcoin Trust (IBIT) pulled in a headline-grabbing $269.3 million on Thursday, April 9 — its biggest one-day inflow since March 4 — helping push total net inflows across U.S. spot Bitcoin ETFs to $358.1 million and snapping a two-day streak of outflows for the group. IBIT drove the day BlackRock was the clear driver of the move, accounting for roughly three-quarters of all spot-Bitcoin ETF inflows on April 9. Farside data shows IBIT has amassed $63.589 billion in cumulative net inflows since its Jan. 5, 2024 launch, while BlackRock reports the fund’s net assets at $56.53 billion as of April 9. IBIT had 1,385,320,000 shares outstanding and carries a 0.25% management fee, per BlackRock. How the rest of the market fared Other ETFs added far smaller amounts that day: - Fidelity’s FBTC: $53.3 million - Morgan Stanley’s MSBT: $14.9 million - Bitwise’s BITB: $11.7 million - ARK’s ARKB: $4.8 million - Franklin’s EZBC: $2.1 million - VanEck’s HODL: $2.0 million A choppy start to April The inflows come after a volatile start to the month. The category logged a strong $471.4 million inflow on April 6 — its largest day in about six weeks, with BlackRock contributing $181.9 million — but then posted net outflows of $159.1 million on April 7 and $93.9 million on April 8 (IBIT remained positive on April 8). Why BlackRock still matters IBIT’s sheer scale helps explain why one large session can swing daily headline numbers: the biggest funds continue to capture the bulk of incoming capital, and institutional flows frequently route back to Bitcoin through BlackRock’s ETF wrapper. Competition is emerging — Morgan Stanley’s MSBT began trading this week with a lower 0.14% fee — but Thursday’s flows underscored that BlackRock remains the center of gravity in the U.S. spot Bitcoin ETF market. Read more AI-generated news on: undefined/news