crypto

Yaël Bizouati-Kennedy4/29/25

BlackRock’s iShares Bitcoin Trust ETF had nearly $1 billion in inflows yesterday

BlackRock’s iShares Bitcoin Trust saw inflows of $970.9 million yesterday, the second-largest since inception.

The largest inflow ever was on November 7, 2024, just after President Trump’s election victory, with $1.12 billion in inflows, Farside Investors data shows.

IBIT, with over $55 billion in assets under management, added 2,522.6 bitcoin yesterday to its stash and now holds 586,164.3 bitcoin, according to Bitcoin Treasuries.

Notably, the ETF holds more bitcoin than Strategy, the largest corporate bitcoin holder, which has 553,555 bitcoin.

Bitcoin’s crossed $95,000 yesterday, the first time since February 24.

IBIT’s massive inflows come on the heels of global crypto ETFs having their best week since December 2024, with inflows totaling a whopping $3.4 billion, the “3rd largest on record,” according to CoinShares. Bitcoin funds took the lion’s share, with $3.18 billion in inflows.

IBIT, recently named the winner of the 2025 ETF.com award for Best New ETF, is up 67.3% since inception and 17% in the past year.

Todd Ruoff, CEO of Autonomys, told Sherwood News that IBIT’s stunning inflows reflect growing demand for regulated, accessible crypto exposure without the complexities of direct custody. Ultimately, IBIT’s success could accelerate the adoption of similar crypto-based financial instruments, further blurring the lines between digital assets and traditional markets, he added.

“Mainstream investors are increasingly embracing bitcoin exposure via regulated vehicles, making IBIT a bellwether for crypto’s integration into traditional finance,” Ruoff said.

More Crypto

crypto

Sage D. Young42m

Altcoin trading activity has lost its mojo

Non-bitcoin cryptocurrencies have seen their trading volume plummet in the past five months. The combined trading volume of ethereum, XRP, solana, dogecoin, SUI, and chainlink has decreased by 60% since crypto’s October 10 liquidation event, according to Thomas Probst, a research analyst at crypto markets data provider Kaiko.

Main Altcoins Trading Volume in USD — The trading volume of ETH, SOL, XRP, DOGE, SUI, and LINK.

For all altcoins, spot trading volume on Binance has declined between 80% and 85% to $7.7 billion, while altcoin volume on other exchanges has dropped to $18.8 billion, down from a range of $63 billion to $91 billion in October, a Friday report from Decrypt found, citing data from CryptoQuant.

“This trend may be explained by a contraction in market liquidity over the same period,” Probst told Sherwood News. “This phenomenon is also reflected in the average 1% market depth, which stood at approximately $2.6 million before the October 10 crash and is now closer to $1.7 million when aggregated across ETH, XRP, SOL, SUI, and LINK.”

Market depth is used by investors and traders to gauge the scale of liquidity in a market. 1% market depth refers to the amount of liquidity needed to move the market by 1%.

CoinGlass’s Altcoin Season Index, a measure to assess the performance of non-bitcoin cryptocurrencies, has been sitting above 50 this week, suggesting that the current market is neither in a bitcoin dominant phase nor an altcoin season.

Witch

“Triple witching” day may put further pressure on bitcoin’s price

This is not “a favorable environment for risk assets.”

Yaël Bizouati-Kennedy2h

Hyperliquid is the “1,000 pound gorilla in the room” leading year-to-date market gains amid conflict in the Middle East

While the crypto industry has shed $564.3 billion in 2026, Hyperliquid’s native token has bucked the downtrend and jumped 54.8% year to date.

Gorilla

Yaël Bizouati-Kennedy

Bitcoin tumbles as oil and gas prices spike and the market’s mood turns risk-off

Bitcoin ETFs reverted to outflows and bitcoin suffered $192 million in liquidations in the past 24 hours.

A Bitcoin ATM in Hong Kong...

crypto

Sage D. Young3/18/26

Payward, parent company of crypto exchange Kraken, puts plans for IPO on hold

Payward, crypto exchange Kraken’s parent company, has paused its plans for an initial public offering until market conditions improve, according to a report from CoinDesk that cited two people with knowledge of the matter.

Since the firm announced in November its preparation for an IPO of its common stock, the total market capitalization of the crypto industry has shed around $652.2 billion, from $3.2 trillion to $2.5 trillion as of Wednesday, data from CoinGecko shows.

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions.

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold

Payward, parent of crypto exchange Kraken, has put its IPO plans on hold

The news comes two weeks after Kraken received approval for a master account from the Federal Reserve Bank of Kansas City, allowing the crypto exchange to connect to the Fed’s payment infrastructure used by traditional banks and credit unions.

Last year, Kraken raised $800 million at a $20 billion valuation from institutional investors such as Jane Street and Citadel Securities.

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