BlackRock’s Bitcoin ETF pulls in $604M across four straight days of inflows

BlackRock’s iShares Bitcoin Trust has logged four consecutive days of net inflows totaling 9,269 BTC, worth approximately $604 million at current prices. For a product that launched in January 2024, IBIT has become less of a newcomer and more of the default institutional on-ramp to Bitcoin. The streak follows what research describes as a weak July for Bitcoin ETF flows broadly, making the early August recovery all the more notable. What the numbers actually say Between August 3 and August 5 alone, U.S. spot Bitcoin ETFs collectively pulled in roughly $626 million. IBIT’s share of that three-day window came to around $478 million, meaning BlackRock captured the overwhelming majority of the sector’s total demand. On August 4, IBIT recorded net inflows of $170.3 million. The following day, that figure climbed to $196.8 million. Since its launch, the fund has consistently accounted for 70 to 80 percent of daily inflows across the entire U.S. spot Bitcoin ETF market. Historical inflow streaks for IBIT have generally ranged between $200 million and $600 million. This latest run sits at the top of that band. Cumulative net inflows into IBIT have now reached tens of billions since the fund...