American multinational investment company, BlackRock has witnessed a significant lull in investments for its Spots Bitcoin ETF, iShare\u2019s Bitcoin Trust (IBIT). With the ETF provider recording its longest period of zero flows, there may be possibilities that investor interest in Spot Bitcoin ETFs might be waning.\u00a0\u00a0<\/p>\n
Despite being the largest Spot Bitcoin ETF provider, BlackRock has surprisingly been met with zero inflow activity for approximately three days. From Wednesday, April 24 to Friday, April 27, BlackRock recorded 0.0 inflows, breaking<\/a> its longest-record streak<\/a> of 71 daily inflows.\u00a0<\/p>\n According to an X (formerly Twitter) post<\/a> from Whale Panda, during the three days, the Spot Bitcoin ETFs of global asset management companies like Grayscale, Fidelity, and Bitwise recorded outflows worth millions of dollars. GBTC witnessed a total of $352.2 million outflows, while FBTC and BITB amassed approximately $25.4 million and $9.8 million outflows, respectively.\u00a0<\/p>\n At the time only a handful of Spot Bitcoin ETFs experienced inflows, including Ark 21Shares Bitcoin ETF, ARKB, Franklin Templeton\u2019s Bitcoin ETF, EZBC and Fidelity\u2019s, accumulating total inflows of $9.6 million, $1.9 million, and $5.6 million, respectively.\u00a0<\/p>\n Following the temporary halt on IBIT\u2019s inflows and the increase in outflows from other Spot Bitcoin ETFs, the price of Bitcoin witnessed a sharp decline. Over the past week, the world\u2019s largest cryptocurrency recorded a whopping 6.29% decrease, and another 2.56% drop in the past 24 hours, according to CoinMarketCap. These consistent declines have pushed Bitcoin\u2019s price down further, to trade at $62,227, at the time of writing.<\/p>\n<\/span>Are Investors Losing Interest In Bitcoin ETFs?<\/span><\/h2>\n