BlackRock's Bitcoin ETF Draws Over $1 Billion in Four Consecutive Trading Sessions

BlackRock's spot Bitcoin exchange-traded fund (ETF) has seen significant inflows in recent days, despite a brief pullback from its intraday high of $87,283. The IBIT ETF witnessed over $1 billion in four consecutive trading sessions, with investors adding approximately $183.7 million on September 17 and another $108.4 million the following day.

The inflows continued even as Bitcoin fell to just above $84,175, a loss of 2.35% on the day. The world's largest cryptocurrency remains above its main averages and has significant support at around $80,000. If it holds above this level, buyers may have another opportunity to challenge the $87,300 price area.

IBIT captured almost half of Bitcoin ETF inflows during this period, with US spot Bitcoin ETFs attracting a total of $2.31 billion in the four sessions. This suggests that demand through regulated funds remains strong despite short-term profit-taking.