BlackRock’s Bitcoin spot exchange-traded funds (ETFs) experienced inflows of $231.6 millions on Friday. This followed two days with heavy outflows in a volatile week for Bitcoin.
The iShares (Bitcoin)BTCOn Wednesday and Friday, the ) Trusted ETF (IBIT), saw outflows of 548.7 Million dollars as crypto market sentiment declined Bitcoin briefly dropped to $60,000, a record low, on Thursday. according Farside
After three days in which collectively $1.25bn was outflowed, preliminary Farside data indicates that there were $330.7m inflows into nine US-based Bitcoin ETF products.
Bitcoin ETF flows reveal investor sentiment
IBIT only has 11 days in 2026 where it’s seen net trading inflows.
Bitcoin traders and holders of crypto assets closely follow Bitcoin ETFs to get clues on where prices are headed or if there is a rise in interest.
Bitcoin is currently trading for $69,820, a drop of 24.30% in the last 30 days. according CoinMarketCap.
IBIT “crushed their opponents” on Thursday. daily volume recordAccording to Eric Balchunas, Bloomberg ETF analyst.
IBIT recovers on Friday, after a steep price decline
Balchunas said that IBIT had dropped by 13% for the day. “second-worst daily price drop since it launched,” With its biggest daily price drop at 15% on the 8th of May, 2024.
On Friday the IBIT rose 9.92% to close at $39.68. according Google Finance
Related: Google search volume for ‘Bitcoin’ skyrockets amid BTC price swings
James Seyffart, an ETF analyst at James Seyffart, noted that on Wednesday Bitcoin ETF investors are faced with their own challenges. “biggest losses” since the US products launched in January 2024 — paper losses of around 42% with Bitcoin below $73,000 — the recent outflows still pale Comparing the amount of money that was injected at the peak,
Inflows into spot Bitcoin ETFs before the downturn in October were approximately $62.11 billion. Now, they’ve dropped to around $55 billion.
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Source: cointelegraph.com
