BlackRock’s Bitcoin ETF Sees Massive $970M Inflow Amid Institutional Demand Surge
BlackRock’s iShares Bitcoin Trust (IBIT) recorded a staggering $970 million inflow on April 28, 2025, marking its second-largest single-day gain since its launch in January 2024. This surge highlights renewed institutional interest in Bitcoin, with IBIT capturing nearly 80% of all ETF flows despite ongoing market volatility. The impressive inflow contrasts sharply with outflows from competing products like Fidelity’s FBTC and Grayscale’s GBTC, signaling a potential shift in investor preference toward BlackRock’s offering. As institutional demand for Bitcoin exposure rebounds, this development could have significant implications for Bitcoin’s price trajectory and broader adoption in traditional finance.
BlackRock Bitcoin ETF Inflow Explodes to Nearly $1 Billion in a Day
BlackRock’s iShares Bitcoin Trust (IBIT) recorded a staggering $970 million inflow on Monday, marking its second-largest single-day gain since launch in January 2024. Institutional demand for Bitcoin exposure appears resurgent, with IBIT absorbing nearly 80% of all ETF flows despite broader market turbulence.
The surge contrasts sharply with outflows from competing products. Fidelity’s FBTC and Grayscale’s GBTC bled assets, while Ark Invest’s ARKB suffered the heaviest redemptions. This divergence suggests investors increasingly favor established players in the crypto ETF space.
Market observers note the inflows coincide with renewed institutional interest following Bitcoin’s recent consolidation above $60,000. "Nearly *$1bil* into iShares Bitcoin ETF today...I still remember when there was ’no demand’," tweeted ETF analyst Nate Geraci, highlighting the dramatic shift in sentiment.
Arizona Approves Bitcoin Reserve, Allocating 10% of State Funds to Digital Assets
Arizona has become the first U.S. state to authorize a strategic Bitcoin reserve, with legislation allowing up to 10% of its $31.5 billion in public funds to be allocated to digital assets. The move, approved via Senate Bills 1025 and 1373, passed with a 31-25 vote in the state legislature.
The initiative establishes the Digital Assets Strategic Reserve Fund, a structured approach to crypto investment rather than an open-ended mandate. Arizona’s decision signals a deliberate effort to integrate cryptocurrency into its long-term financial strategy, with Bitcoin as the primary holding.
BTC Was Just The Beginning: Bitcoin Solaris Offers Mobile Mining For Crypto Wealth
Bitcoin’s rise created a new financial paradigm, transforming early adopters into millionaires and redefining digital value. Yet the mining landscape has shifted dramatically—industrial-scale operations now dominate, leaving little room for individual participation.
Bitcoin Solaris (BTC-S) emerges as a disruptive solution, introducing mobile-first mining technology. This innovation aims to democratize access to crypto wealth generation, empowering users globally without requiring specialized hardware.
The project addresses Bitcoin’s evolving challenges: escalating energy demands, centralized mining pools, and prohibitive entry barriers for retail participants. By leveraging mobile technology, BTC-S proposes an alternative path to cryptocurrency participation.
North Carolina Advances Bitcoin Adoption with Key Legislative Step
North Carolina’s House Committee on Rules, Calendar, and Operations has approved HB 92, a bill enabling the state treasury to allocate up to 5% of certain funds into Bitcoin and other digital assets. The legislation mandates a feasibility study for establishing a state-run Digital Asset Reserve, signaling a strategic pivot toward modern financial infrastructure.
The move reflects growing institutional recognition of cryptocurrency as a treasury asset class. By authorizing direct exposure to Bitcoin, North Carolina joins a small but influential group of governments exploring sovereign crypto reserves—a trend accelerated by Bitcoin’s hardening role as a macroeconomic hedge.
US Prosecutors Seek Delay in Samourai Wallet Case as Dismissal Considered
Federal prosecutors and defense attorneys for Samourai Wallet’s co-founders have jointly requested a 16-day extension to pretrial proceedings, signaling potential negotiations toward dismissal. The motion, filed April 28, would push key deadlines to late May while preserving the November trial date.
CEO Keonne Rodriguez and CTO William Hill face DOJ charges of operating an unlicensed money transmitter and laundering $100 million through their privacy-focused Bitcoin wallet service. Rodriguez remains in US custody while Hill contests extradition from Portugal.
The delay request suggests both sides may be weighing the implications of recent mixed rulings on cryptocurrency regulation. This comes as the SEC escalates enforcement against crypto firms while Congress debates comprehensive legislation.
