BlackRock’s IBIT Leads Nearly $1B in Inflows for U.S. Spot Bitcoin ETFs
U.S. spot Bitcoin ETFs have seen nearly $1 billion in inflows over seven consecutive trading days, marking their strongest performance in 11 weeks as of July 23, 2026. BlackRock’s iShares Bitcoin Trust (IBIT) led the recovery with $319 million in weekly inflows and dominated each session during this period. Despite this positive trend, ETFs still face a net outflow of $4.76 billion for the year due to heavy withdrawals earlier in 2026. The recent buying activity has pushed Bitcoin ETF holdings to about 6% of all circulating BTC. The inflow streak is reminiscent of early October 2025, when Bitcoin was near its peak at around $126,000. However, the recovery remains modest compared to earlier outflows and faces challenges from high fees charged by some providers like Grayscale’s GBTC. BlackRock's dominance in this rally is attributed more to distribution than pricing, as IBIT holds a significant share of total Bitcoin ETF assets despite its 0.25% fee—compared with Fidelity’s free FBTC fund.
Tickers: $BLK $FBTC $GBTC $IBIT $NVDA
Topics: Bitcoin ETFs BlackRock IBIT inflows recovery