The BlackRock Bitcoin ETF is halfway to setting a new record.

Financial giant BlackRock saw its Bitcoin spot exchange-traded fund (ETF) rise for the 70th day in a row. If it can maintain that for another 90 trading days, JP Morgan's Equity Premium Income ( JEPI ) will tie the 160-day mark.

As of now, the fund has seen more deposits than withdrawals every trading day since the fund first began reporting inflows on January 12. With this news, the BlackRock Spot Bitcoin ETF breaks into the top 10 for the longest ETF daily earnings streak since 2004. Under the symbol IBIT, the fund is linked to the US Global Jets ETF.

Alongside Bitcoin's 4% rise over the weekend, BlackRock's spot Bitcoin ETF saw its assets under management rise to $18.15 billion, according to the firm's official website.

Before BlackRock crossed the line, Bloomberg senior ETF analyst Eric Balchunas highlighted the potential milestone on Twitter. He joked that it would be “ridiculous” if the fund ended a day early. Fortunately, the financial gods didn't play a cruel joke on investors who saw the fund with revenues just shy of $20 million.

While this is an impressive milestone for the fund, it's a far cry from the JPMorgan Equity Premium Income ETF ( JEPI ), which has seen its longest streak at 160 days, which is 55 days longer than the Vanguard Total International Bond ETF ( BNDX ). Second place.

Monday was the first day of trading for ETFs since the Bitcoin halving that occurred over the weekend. Many believed that the halving was creating uncertainty among investors with offshore investor data, recording a five-day outflow from Bitcoin ETFs. This was reinforced by the CoinShares report, which showed a two-week exit from “digital asset investments”, which include spot Bitcoin ETFs. However, BlackRock's success provides a counter-narrative that investors weren't worried about the Bitcoin halving issue, which saw mining rewards cut in half. Interestingly, Farside Investor data shows that when the event was sandwiched between the two trading days, both brought in about $60 million in inflows – also suggesting that the halving did not negatively affect investor sentiment.

Edited by Stacy Elliott.