- Led by BlackRock’s IBIT, inflows into Bitcoin ETFs have surged as institutions become increasingly confident.
- Long-term ETF investors are said to contribute to Bitcoin’s price stability.
- Outflows from Grayscale’s products are a sign that investors are moving to newer, more trusted Bitcoin ETFs.
Over the past month, as well as for the year so far, financial analyst Eric Balchunas reports that Bitcoin ETFs have had a net positive inflows. Out of these, BlackRock’s iShares Bitcoin Trust ($IBIT) led the way with a year-to-date inflow of around $2.4 billion, making it one of the top 1 percent ETFs for 2025.
This strong performance is an indication that investors are becoming more interested in Bitcoin as a long-term asset rather than a short-term speculative trade asset.
Investors in Bitcoin ETFs are Much Less Likely to Sell
One of the reasons that Bitcoin’s price has remained stable in recent months, Eric Balchunas says, could be because many of these Bitcoin ETF investors are not quick to sell. In fact, they are part of what he calls ‘stronger hands’, or investors who may be more likely to hold onto their Bitcoin in times of market turmoil.
For a year and a half, institutional players and high-profile Bitcoin advocates such as Michael Saylor have been actively acquiring Bitcoin from distressed holders. This includes the victims of the FTX collapse, GBTC cashouts, legal rulings, and government seizures.
IBIT Dominates ETF Inflows As the ETF Market Strengthens
The total Bitcoin-related ETF assets are currently around $93.8 billion, with $48 billion pumped into IBIT alone. IBIT’s significant inflows, which for just this year have reached $2.39 billion, is said to have been the major contributor to the total inflows in this sector.
Even though IBIT experienced a dip of around $14.78 million a week, there were also inflows of $406 million a month and an average of $38.22 million a day (which indicates some confidence on the part of the fund’s investors).
Source: @EricBalchunas
Other Bitcoin ETFs have also gained interest. For instance, the Bitwise Bitcoin ETF (BITC) has seen strong year-to-date inflows of $328 million, $69.59 million last month, and $8.93 million in one day. Even a few smaller funds, such as the VanEck Bitcoin Trust (HODL) and the WisdomTree Bitcoin Fund (BTCW), have modest but positive flows.
However, the Grayscale Bitcoin Trust, once the largest fund to expose investors to the digital currency, has seen a significant outflow this year of $1.28 billion and lost $620.89 million in the past month.
