$BTC

ETFs notched their seventh consecutive day of inflows, driven by Blackrock’s massive $971 million addition, despite sizable withdrawals from ARKB and FBTC. Ether ETFs also held firm, posting a third day of gains with $64 million in net inflows.

Blackrock Powers Inflow Into Bitcoin ETFs as Ether ETFs Hold Momentum With Third Day of Inflows

Investor confidence in crypto exchange-traded funds (ETFs) showed no signs of slowing as Monday, April 28, brought another wave of strong inflows, despite notable fund withdrawals. Bitcoin ETFs tallied a $591 million net inflow, marking their 7th straight day in the green.

The day was dominated by Blackrock’s IBIT, which saw a jaw-dropping $970.93 million pour in. That singular inflow helped counterbalance hefty outflows from other funds, including Ark 21Shares’ ARKB ($226.30 million), Fidelity’s FBTC ($86.87 million), and Grayscale’s GBTC ($42.66 million). Bitwise’s BITB and Vaneck’s HODL also posted red figures with $21.13 million and $2.68 million withdrawn, respectively.

Still, the bullish tone prevailed. Bitcoin ETF trading volume hit $2.42 billion for the day, and net assets climbed to $109.30 billion.