BlackRock’s spot Bitcoin exchange-traded fund recorded $231.6 million in inflows on Friday, rebounding after two consecutive days of heavy outflows during a volatile week for Bitcoin.
The iShares Bitcoin Trust ETF (IBIT) had seen $548.7 million in combined outflows on Wednesday and Thursday as crypto market sentiment sank to record-low levels. During that period, Bitcoin briefly fell to $60,000 on Thursday, according to data from Farside.
Preliminary figures from Farside also show that nine US-listed spot Bitcoin ETFs collectively attracted $330.7 million in inflows, following three straight days of net outflows totaling $1.25 billion.
ETF flows reflect market sentiment
So far in 2026, IBIT has recorded net inflows on just 11 trading days.
Bitcoin ETF flow data is closely monitored by investors and market participants as an indicator of demand for the asset and broader sentiment surrounding Bitcoin’s price trajectory.
The move comes as Bitcoin has declined 24.30% over the past 30 days and was trading at $69,820 at the time of publication, according to CoinMarketCap.
On Thursday, IBIT “crushed its daily volume record,” with roughly $10 billion worth of shares changing hands, according to Bloomberg ETF analyst Eric Balchunas.
IBIT rebounds after sharp sell-off
Balchunas noted that IBIT fell 13% on the day — its second-worst single-day price drop since launch. The ETF’s steepest daily decline remains 15%, recorded on May 8, 2024.
IBIT rebounded sharply on Friday, climbing 9.92% to close at $39.68, according to Google Finance.
Bloomberg ETF analyst James Seyffart said on Wednesday that although Bitcoin ETF investors are experiencing their largest losses since US spot products launched in January 2024 — with unrealized losses of roughly 42% while Bitcoin trades below $73,000 — recent outflows remain modest compared with the massive inflows recorded at the market’s peak.
Prior to the October downturn, net inflows into spot Bitcoin ETFs totaled about $62.11 billion. That figure has since declined to roughly $55 billion.
