BlackRock's Bitcoin ETF (IBIT) Sees Largest Single-Day Inflow Since July 22 as BTC Price Slips

BlackRock’s iShares Bitcoin Trust (IBIT) saw a notable net inflow of $224.1 million on Monday, August 26. This marks the largest single-day inflow of Blackrock’s Bitcoin ETF since July 22, when it recorded $526.7 million. The inflow occurred as Bitcoin’s price slipped below $64,000 following a week of gains.

Bitcoin’s price experienced a 1.24% drop in the last 24 hours, moving from a high of $63,880 to $63,095.81. This decline followed a week in which Bitcoin rose from a low of $58,756 to a peak of $64,475.

IBIT Dominates as U.S. Bitcoin ETFs See Mixed Inflows. On the same day, U.S. spot Bitcoin ETFs collectively recorded a $202.6 million net inflow, with IBIT capturing the majority. Other Bitcoin ETFs, including those from Bitwise, Fidelity, and VanEck, saw combined net outflows of $32.1 million. The Franklin Bitcoin ETF (EZBC) and the WisdomTree Bitcoin Fund (BTCW) were the only other ETFs to see positive inflows, with $5.5 million and $5.1 million, respectively.

Bitcoin Takes Lead as Investors Shift Focus Amid Strong Inflows. Meanwhile, Ether (ETH) ETFs in the U.S. experienced joint net outflows of $13.2 million on Monday. Ether’s price fell by 2.22% to $2,686. The data shows a shift in investor focus towards Bitcoin during this period.

CoinShares reported that global crypto investment products saw their highest weekly inflows in five weeks, with Bitcoin products leading the way. For the week ending August 23, Bitcoin investment products attracted $543 million, with IBIT receiving $318 million.

Strong Inflows Highlight Bitcoin ETF Appeal Despite Market Swings. Bitcoin ETFs like BlackRock’s IBIT continue to attract significant inflows, even amid short-term market fluctuations. The inflows indicate sustained interest in Bitcoin as an asset, particularly as investors respond to market signals and potential changes in U.S. monetary policy.

The data reflects the ongoing activity within the Bitcoin ETF market, showing where investor interest currently lies.

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