BlackRock’s iShare’s Bitcoin Trust (IBIT) saw significant inflows of $192 million on April 11, as reported by Farside Investors. The spot Bitcoin ETF, holding 266,587 Bitcoin, outperformed its competitors, with Bitwise’s Bitcoin ETF trailing behind with only $11.1 million in inflows. In contrast, Grayscale’s Bitcoin fund experienced outflows of approximately $125 million.

On April 11, IBIT reached a trading volume of $300 million within the first 30 minutes, placing it among the top 10 ETFs in terms of volume. As of April 12, the ETF had a market cap of $18.77 billion and a volume of $1.11 billion.

IBIT has been consistently attracting investors and is one of the two ETFs that have seen continuous inflows since their launch. Bloomberg analyst Eric Balchunas highlighted that IBIT achieved steady inflows for 59 days, securing a spot in the top 20 all-time longest daily inflows list.

In a recent update, Balchunas mentioned that IBIT accumulated $15 billion in cash within three months, which is double the performance of any of BlackRock’s 421 available ETF products.

BlackRock has also initiated a new advertising campaign for IBIT on Bloomberg’s homepage, described by Balchunas as “Times Square sized.” This move reflects the asset management firm’s strategy to capitalize on the current market momentum.

Additionally, BlackRock added four more Wall Street firms as authorized participants for its Bitcoin ETF, including Citi, Citadel, Goldman Sachs, and UBS, bringing the total number of APs to nine.

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