BlackRock's iShares Bitcoin (BTC) Trust ETF (IBIT) experienced a significant influx of $970.9 million, marking its second-largest daily inflow since its launch in January 2024. This inflow occurred alongside a 7.2% increase in Bitcoin prices, with current trading at $94,900. In contrast, competitors such as Fidelity’s FBTC and ARK’s ARKB faced substantial outflows, losing $86.9 million and $226.3 million respectively. Since April 22, IBIT has drawn over $4.5 billion in net inflows contrary to a general market trend of declining interest in futures, highlighted by four straight days of falling open interest in CME Bitcoin Futures, now at 132,750 BTC. Analysts noted the potential for renewed activity due to rising yields in derivatives markets, suggesting a possible recovery in futures trading. Overall, the robust inflows into BlackRock's ETF indicate a strong demand for Bitcoin investment despite broader market dynamics.

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