BlackRock’s IBIT Drives Bitcoin ETFs to Sixth Straight Day of Inflows

On March 21, 2025, BlackRock’s IBIT propelled spot Bitcoin ETFs to their sixth consecutive day of inflows, attracting $83.09 million, as reported by Bitcoin News on March 22. This milestone underscores IBIT’s dominance, capturing the bulk of the day’s investments while other funds saw minimal or no activity. Amid a volatile crypto market, this streak signals renewed investor confidence in Bitcoin ETFs, bolstered by BlackRock’s influential role in the sector.

Surge in Bitcoin ETF Investments

The sixth day of inflows for Bitcoin ETFs, totaling $83.09 million, was largely driven by BlackRock’s IBIT, the only fund to record gains on Friday, per CoinGlass data cited by Investing.com. Earlier in the week, IBIT absorbed $535.58 million, including 1,250 BTC ($105.55 million) on March 21 alone, pushing the five-day total to $785.6 million. Other ETFs, like Grayscale’s GBTC, saw outflows of 260.15 BTC, while Fidelity’s FBTC and VanEck’s HODL added modest inflows earlier, per U.Today. This follows a $218.1 million IBIT surge on March 19, reported by CryptoSlate, highlighting its consistent pull. Analysts attribute this to institutional trust in BlackRock, managing over $56 billion in Bitcoin ETF assets, per Cointelegraph, despite a 7% Bitcoin price drop to $87,000 this week, per NBC News.

The streak contrasts with February’s $3.2 billion outflow run, ended by $94.3 million inflows on February 28, per Markets Insider. Trump’s pro-crypto policies, including a Strategic Bitcoin Reserve, have fueled optimism, though some X posts note muted price reactions, suggesting long-term sentiment over short-term gains.

Outlook and Implications

With IBIT’s assets at $48.3 billion, per Yahoo Finance, its sixth day of inflows reflects a shift from earlier 2025 sell-offs, like the $418.1 million outflow on February 26, per CoinDesk. Experts see this as a stabilizing force, potentially paving the way for broader ETF adoption despite market dips.

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