• The fund has maintained 274,462 BTC holdings over the last four trading days.
• Investors expressed concern when BlackRock’s IBIT stopped its 71-day inflow streak on April 24.

The cryptocurrency community is growing increasingly concerned as BlackRock’s spot Bitcoin ETF has experienced consecutive days without inflows, a first since its launch. The iShares Bitcoin Trust (IBIT) in the US, which is a rapidly growing spot Bitcoin ETF of BlackRock, has not received any inflows since April 24.

According to data from IBIT’s official website, the fund has held steady at 274,462 BTC over the past four trading days.

Major Setback

Investors were anxious when BlackRock’s IBIT halted its 71-day streak of inflows on April 24; the fund had been consistently attracting new investors daily. Since its initial investment of 2,621 BTC on January 11th, IBIT has seen its holdings grow by an impressive 10,378%.

Concerns have been raised by some crypto watchers about the impact of IBIT’s pause in inflows, suggesting it could be unfavorable for investors. Comparisons have been made to BlackRock's 71-day streak of inflows, which was considered more remarkable than the recent four days without inflows.

Despite BlackRock’s period of zero inflows, other ETF issuers such as Grayscale Investments are still witnessing withdrawals from spot Bitcoin ETFs. On April 20, Hodl Capital data revealed that a total of 823 BTC were withdrawn from ten US-based spot Bitcoin ETFs. The Grayscale Bitcoin Trust ETF (GBTC) had 297,117 BTC in holdings on that day, representing a reduction of nearly 52% from the initial holdings on January 11th. Currently, Grayscale's GBTC holds only about 8% more Bitcoin than BlackRock's 274,462 BTC.