Bitcoin ETF From BlackRock Attracts $231.6M Following Week of BTC Price Volatility
Following Thursday's record-breaking trading activity during a week marked by Bitcoin price swings, BlackRock's Bitcoin ETF attracted $231 million in capital on Friday.
On Friday, the spot Bitcoin exchange-traded fund (ETF) from BlackRock recorded inflows totaling $231.6 million, marking a recovery after experiencing two consecutive days of substantial outflows throughout a volatile period for Bitcoin.
During Wednesday and Thursday, the iShares Bitcoin (BTC) Trust ETF (IBIT) experienced combined outflows reaching $548.7 million as cryptocurrency market sentiment plummeted to unprecedented lows, with Bitcoin's value momentarily falling to the $60,000 level on Thursday, data from Farside indicates.
According to preliminary data from Farside, the nine US-based spot Bitcoin ETF offerings collectively recorded inflows of $330.7 million, marking a turnaround after three consecutive days that saw combined outflows of $1.25 billion.
Bitcoin ETF flows reveal investor sentiment
Throughout 2026 to date, IBIT has recorded net inflows on merely 11 trading days.
Market participants and Bitcoin holders pay close attention to the flow of funds in Bitcoin ETFs, seeking indicators about the cryptocurrency's future price trajectory and whether investor appetite for the digital asset is growing or declining.
This development occurs as Bitcoin's value has declined by 24.30% during the last 30 days, with the cryptocurrency currently trading at $69,820 as of the time of publication, data from CoinMarketCap shows.
According to Eric Balchunas, an ETF analyst at Bloomberg, Thursday saw IBIT "crushed its daily volume record," with shares worth $10 billion changing hands.
IBIT rebounds on Friday after price plunge
Balchunas further noted that IBIT experienced a 13% decline that day, representing its "second-worst daily price drop since it launched," with the fund's most severe single-day price decrease being 15% recorded on May 8, 2024.
Nevertheless, IBIT experienced a strong recovery on Friday, surging 9.92% to finish trading at $39.68, data from Google Finance reveals.
On Wednesday, ETF analyst James Seyffart observed that although investors holding Bitcoin ETFs are experiencing their "biggest losses" since these US products debuted in January 2024 — unrealized losses approaching 42% with Bitcoin trading beneath $73,000 — the current outflows remain modest when compared to the substantial inflows witnessed during the market's zenith.
Prior to the downturn that began in October, net inflows into spot Bitcoin ETFs had reached approximately $62.11 billion. Those figures have since declined to roughly $55 billion.