BlackRock's Bitcoin ETF experienced significant inflows of $231.6 million on Friday, following a challenging period marked by substantial outflows and a volatile week for Bitcoin. This marks the 11th instance of net inflows for the iShares Bitcoin Trust ETF (IBIT) in 2026.
Earlier in the week, IBIT faced $548.7 million in outflows on Wednesday and Thursday, as market sentiment soured and Bitcoin's price temporarily dipped to $60,000, according to Farside data. The broader market saw inflows of $330.7 million across nine U.S.-based spot Bitcoin ETFs after experiencing three days of outflows totaling $1.25 billion.
Crypto investors and Bitcoin holders closely monitor ETF flows as indicators of market sentiment and potential price movements. At the time of writing, Bitcoin is trading at $69,820, representing a 24.30% decline over the past month, as per CoinMarketCap.
Significantly, on Thursday, IBIT achieved a daily volume record, with $10 billion worth of shares exchanged, despite experiencing a 13% drop, its second-largest decline since its inception. The fund's largest daily price drop was 15% on May 8, 2024. Nevertheless, IBIT rebounded on Friday with a 9.92% increase, ending at $39.68, according to Google Finance.
ETF analyst James Seyffart highlighted that Bitcoin ETF holders are enduring their most significant losses since the U.S. products were introduced in January 2024, with paper losses around 42% as Bitcoin remains below $73,000. Despite recent outflows, these figures are still dwarfed by the inflows seen during the market's peak.
Prior to the downturn in October, net inflows for spot Bitcoin ETFs stood at approximately $62.11 billion but have since decreased to around $55 billion.