BlackRock’s BTC ETF Sees $231.6M Inflows later than Two Days of Record Outflows
Why Did IBIT view Inflows later than Heavy Redemptions?
BlackRock’s spot BTC platform-traded fund recorded $231.6 million in inflows on Friday, reversing part of the damage from earlier in the week as BTC prices swung sharply. The rebound followed two consecutive sessions of large redemptions, when the iShares BTC Trust ETF shed a combined $548.7 million on Wednesday and Thursday, according to data from Farside.
Those outflows coincided with a sharp trade-off across crypto markets. BTC briefly fell to $60,000 on Thursday, dragging sentiment to multi-month lows and triggering redemptions across most US-listed spot BTC ETFs.
Friday’s data show a partial reset. Preliminary figures from Farside indicate net inflows of $330.7 million across nine products, ending a three-day stretch in which the group lost a combined $1.25 billion.
Investor Takeaway
What Do BTC ETF Flows Say About Sentiment?
So far in 2026, IBIT has logged net inflows on just 11 trading days, highlighting how fragile demand has been as BTC struggles to regain momentum. Market participants often treat ETF flows as a proxy for institutional appetite, especially during periods of price instability.
BTC was trading near $69,820 at the time of publication, later than falling 24.30% over the past 30 days, according to CoinMarketCap. That decline has put many ETF holders underwater, intensifying scrutiny on whether recent inflows reflect renewed interest or short-term positioning.
ETF activity tends to draw attention during periods of stress because it captures real-time behavior from investors who prefer regulated exposure rather than holding BTC directly. When redemptions accelerate, they often reinforce bearish price moves.
How Extreme Was the Week’s Trading Activity?
Trading volumes in IBIT spiked sharply during the trade-off. said the fund “crushed its daily volume record” on Thursday, with about $10 billion worth of shares changing hands in a single session.
Balchunas added that IBIT fell 13% that day, calling it the fund’s “second-worst daily price drop since it launched.” Its steepest single-day fall remains a 15% decline recorded on May 8, 2024.
The reversal on Friday was equally abrupt. IBIT climbed 9.92% and closed at $39.68, according to Google Finance, tracking BTC’s recovery from its intraday lows.
Investor Takeaway
How Do Current Losses Compare With Earlier Cycles?
said on Wednesday that BTC ETF investors are facing their “largegest losses” since the US spot products launched in January 2024. With BTC trading below $73,000, paper losses are estimated at roughly 42%.
Even so, Seyffart noted that recent outflows remain modest compared with the scale of inflows viewn during last year’s peak. Before the October downturn, net inflows into $62.11 billion. That figure has since fallen to around $55 billion.
The contrast suggests that while volatility is testing investor conviction, a large portion of capital that entered the market during the rally has not yet exited. Whether that resilience holds may depend on how BTC behaves around current price levels in the weeks ahead.
