BlackRock's Bitcoin ETF Pulls in $450M as Crypto Funds See Biggest Inflow Since January
BLK sits 21% above its 52-week low of $917.39.
Summary
Spot Bitcoin ETFs recorded $730.9M in net inflows on Sept 3, the largest daily haul since January, with BlackRock's iShares Bitcoin Trust (IBIT) capturing over $450M—more than 60% of the total. IBIT's AUM now stands at $63.94B, cementing its lead in the category. The surge coincides with Bitcoin's rebound above $80,000, reversing months of outflows that totaled nearly $5B in May and June. For BlackRock, this reinforces its dominant position in the crypto ETF space and adds fee revenue at a time when its overall AUM is already at record levels. Watch whether inflows persist as Bitcoin holds above $80K—sustained demand would further boost BlackRock's ETF franchise.
At the time of this announcement, BLK was trading at $1,111.46 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $180.6B. The 52-week trading range was $917.39 to $1,219.94. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: CryptoProwl.