Share this article
BlackRock’s IBIT Sees Second-Largest Bitcoin Inflow Since Launch, Nearing $1 Billion
CME Bitcoin Futures open interest falls for four straight days, according to CME data.
Updated Apr 29, 2025, 1:49 p.m. Published Apr 29, 2025, 9:49 a.m.
What to know:
- IBIT pulled in $970.9 million on Monday, its second-largest daily inflow, while competitors like Fidelity’s FBTC and ARK’s ARKB suffered major outflows.
- CME Bitcoin Futures open interest has dropped four days in a row as the annualized basis yield increases to around 8%.
The BlackRock iShares Bitcoin Trust ETF (IBIT) saw $970.9 million in inflows, marking its second-largest net inflow since launching in January 2024, according to Farside data.
Monday accounted for $591.2 million in new capital, which saw heavy outflows from competitors: Fidelity’s FBTC lost $86.9 million, Bitwise’s BITB dropped $21.1 million, and ARK’s ARKB saw $226.3 million in outflows.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The rise comes alongside a 7.2% rise in BTC over the past seven days with it now trading at $94,900.
Since April 22, IBIT has amassed over $4.5 billion in net inflows, bucking the market trend.
Industry experts have taken note. Nate Geraci, President of The ETF Store, remarked:
"Nearly $1 billion into iShares Bitcoin ETF today... Second-largest inflow since January 2024 inception. I still remember when there was 'no demand'."
Eric Balchunas, Senior Bloomberg ETF Analyst, added:
"ETFs are in two-steps-forward mode after taking one step back, exactly the pattern we predicted."
Meanwhile, in derivatives markets, open interest (OI) on CME Bitcoin Futures continues to fall, now sitting at 132,750 BTC after four consecutive days of decline, according to CME data.
The recent decline in open interest could be coming to an end, as the annualized basis yield has climbed from around 5% to 9% in April, according to Velo data. This resurgence in basis trade profitability could prompt renewed activity and a short-term rebound in open interest.
Why it matters: In a typical basis trade, investors buy spot bitcoin and short bitcoin futures to lock in the price gap. When the yield is high, demand for futures rises, boosting OI. As the yield shrinks, fewer traders engage in the strategy, leading to declining open interest and signaling reduced leverage in the market.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Treads Water Near $90K as Bitfinex Warns of 'Fragile Setup' to Shocks
BTC's relative weakness compared to stocks points to tepid spot demand, making the largest crypto vulnerable to macro volatility, Bitfinex analysts said.
What to know:
- Bitcoin erased very modest overnight gains early Monday and spent the rest of the U.S. session in a tight range around the $90,000 level.
- Rising long bond yields and a small U.S. equities pulling back weighed on risk appetite as traders eye this week's Federal Reserve meeting.
- Bitfinex analysts pointed out bitcoin's relative weakness against U.S. stocks amid modest spot demand and structural softness.
Top Stories
