BlackRock’s spot Bitcoin exchange-traded fund (ETF) recorded $231.6 million in inflows on Friday after suffering heavy outflows earlier in the week.
The iShares Bitcoin (BTC) Trust ETF (IBIT) experienced $548.7 million in total outflows on Wednesday and Thursday as market sentiment slumped and Bitcoin’s price briefly fell to $60,000, according to Farside. Preliminary Farside data show nine US-based spot Bitcoin ETFs had collective inflows of $330.7 million on Friday following three days of combined outflows totaling $1.25 billion.
So far in 2026, IBIT has posted only 11 trading days with net inflows. Investors and market participants track Bitcoin ETF flows for signals about price direction and demand for the asset.
Bitcoin has lost 24.30% over the past 30 days and was trading at $69,820 at the time of publication, per CoinMarketCap. On Thursday, IBIT set a daily volume record with $10 billion of shares traded, Bloomberg ETF analyst Eric Balchunas noted. Balchunas added that IBIT plunged 13% that day — its second-worst daily decline since launch, behind a 15% drop on May 8, 2024.
The ETF rebounded 9.92% on Friday, closing at $39.68, according to Google Finance.
ETF analyst James Seyffart said Wednesday that Bitcoin ETF holders are facing their “biggest losses” since the US products launched in January 2024 — paper losses near 42% with Bitcoin below $73,000 — but recent outflows are still small compared with inflows at the market’s peak. Before the October downturn, spot Bitcoin ETF net inflows were around $62.11 billion; they’ve since decreased to about $55 billion.
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