Investors injected $269.3 million into BlackRock’s iShares Bitcoin Trust on Thursday, marking the fund's strongest performance since early March. This surge helped reverse two consecutive days of net outflows for the 12 U.S. spot Bitcoin ETFs, which collectively saw $358.1 million in new investments.
The Fidelity Wise Origin Bitcoin Fund followed with $53.3 million, while the new Morgan Stanley Bitcoin Trust added $14.9 million on its second trading day. Other ETFs from Bitwise, ARK 21Shares, Franklin Templeton, and VanEck also reported inflows.
BlackRock’s IBIT has now accumulated $1.5 billion in net inflows this year. Despite a broader market pullback that saw Bitcoin’s price decrease from a recent high, BlackRock's digital assets head, Robert Mitchnick, noted that IBIT investors are predominantly long-term holders.
Morgan Stanley's digital asset head, Amy Oldenburg, stated that the MSBT launch was the institutional bank's most successful ETF debut ever. The firm is also exploring further crypto ETF products, including staked Ether and Solana ETFs.