This is a developing story, and further information will be added as it becomes available.

BlackRock iShares Bitcoin Trust (IBIT) has notched its first day of $0 in inflows since Bitcoin ETFs were introduced in the United States in January. 

Ever since its launch on Jan. 11, IBIT has consistently attracted investments worth millions of dollars daily — racking up nearly $15.5 billion in just 71 days. The 71-day-long inflow streak ended for BlackRock on April 24 after it recorded $0 of inflows.

Bitcoin ETF inflow and outflow data Source:

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Most of the other Bitcoin ETF participants witnessed a dry spell as well. Out of the 10 US-registered Bitcoin ETFs, Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) were the only two to record inflows of $5.6 million and $4.2 million, respectively.

Additionally, one of the first Bitcoin ETFs, Grayscale Bitcoin Trust ETF (GBTC), continued to shed off investments. On April 24, GBTC recorded $130.4 in outflows. As a result, the Bitcoin ETF ecosystem realized a total outflow of $120.6 million.

While the lack of inflows is a first for IBIT, the one-off event does not signal any negative implications. It is important to note that all other players often record $0 inflows from time to time, which depend on various factors such as market demand and investor sentiment, among others.

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