Stable Bitcoin Attracts $9,3 Billion to BlackRock ETF

• Bitcoin attracts institutions with low volatility and appreciation
• BlackRock ETF totals US$72 billion in assets
• IBIT leads flows among crypto ETFs in the US

BlackRock’s iShares Bitcoin Trust (IBIT) has been a standout among cryptocurrency exchange-traded funds. Since April 14, the ETF has accumulated 31 consecutive days of positive or stable flow, with the exception of a single day — May 13 — when there were neither net inflows nor outflows. During that period, the fund has received $9,31 billion in new investments, bringing its assets under management to approximately $72 billion.

According to Nate Geraci, president of ETF Store, IBIT is now among the top five ETFs with the highest inflows in 2024, among more than 4.200 funds listed in the United States. IBIT's consistent performance reinforces the growing institutional interest in digital assets, especially Bitcoin.

Experts attribute this performance to the drop in cryptocurrency volatility and the growing perception of Bitcoin as a store of value. Eric Balchunas, Bloomberg's ETF strategist, noted that IBIT's 90-day average volatility has fallen to its lowest level since the fund's launch. He believes that this stability has been a decisive factor in attracting institutional managers seeking exposure to the asset with a lower risk of extreme fluctuations.

Balchunas also highlighted that, in recent weeks, the capital flow to IBIT has far exceeded that recorded by other cryptocurrency ETFs. This reinforces the preference of large investors for more consolidated products with greater liquidity in the regulated market.

IBIT's Low(er) Volatility Rally is Luring in Bigger Fish.. the 90-day rolling vol of $IBIT is declining and has never been lower (chart). This – along with the rally itself – is helping to attract larger investors (who want digital gold, not a tech stock). This helps explain why… pic.twitter.com/6e5PD8IZ1R

— Eric Balchunas (@EricBalchunas) May 29, 2025

Mike Shell, manager of ASYMMETRY, reinforced this reading, commenting that IBIT is behaving like an institutional asset, with characteristics closer to digital gold than to speculative tokens. For him, this maturity could be decisive in consolidating the fund as one of the main gateways to Bitcoin in the regulated environment.

The move coincides with a period of stability in the price of Bitcoin, which has shown resilience even in the face of macroeconomic factors, such as the Federal Reserve's interest rate policy and regulatory uncertainties. This combination of factors strengthens the attractiveness of BlackRock's ETF among large investors.