BlackRock's IBIT Captures 95% of $217M Bitcoin ETF Inflow Rebound
BLK sits 26% above its 52-week low of $917.39.
Summary
BlackRock's iShares Bitcoin Trust (IBIT) pulled in $205.9 million on Monday, accounting for 95% of the $216.7 million that flowed back into US spot Bitcoin ETFs after Friday's $201.8 million outflow. The rebound ended a nine-session inflow streak that had brought over $3 billion into the funds. Ether ETFs extended their inflow run to 11 sessions with $87.7 million, while XRP and Solana funds each posted a 10th consecutive positive day. This flow data underscores BlackRock's dominant position in the crypto ETF market and suggests renewed institutional appetite for Bitcoin exposure. The company's ETF franchise continues to be a key driver of its record AUM and revenue growth reported in Q2.
At the time of this announcement, BLK was trading at $1,155.61 on NYSE in the Finance sector, with a market capitalization of approximately $187.8B. 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: Cointelegraph.