BlackRock ETF clients buy $69.85 million in Bitcoin

BlackRock’s Bitcoin ETF clients went shopping again. This time, the receipt came to $69.85 million worth of Bitcoin. How the buying works When investors put money into a spot Bitcoin ETF, the fund doesn’t park that cash. It buys actual Bitcoin to back the new shares. The $69.85 million figure reflects exactly that conversion. For scale, this purchase sits below some of IBIT’s bigger days this year. The trust took in $195.6 million on October 1 and logged a $183.41 million inflow in July. The bigger backdrop is a nine-day inflow streak that wrapped up in late September 2026. Over that stretch, US spot Bitcoin ETFs pulled in approximately $3 billion, their strongest run of inflows since October 2025. IBIT grabbed a hefty slice of that pie. In one strong week in September, the fund captured approximately $1.2 billion, while rivals including Fidelity’s FBTC and ARK 21Shares’ ARKB also drew money. From a $5.8 billion hole to positive territory During the mid-2026 downturn, cumulative flows were heading toward a potential loss of approximately $5.8 billion. By late September, institutional buying had flipped that tally to modestly positive. On certain days, IBIT’s inflows actually exceed...