BlackRock's Bitcoin ETF Sees Record Inflows Totalling $604M

BlackRock's iShares Bitcoin Trust (IBIT) has seen four consecutive days of net inflows, totaling 9,269 BTC and worth approximately $604 million at current prices. The streak began on August 3 and continued through August 6, making it a notable recovery from what was described as a 'weak July' for Bitcoin ETF flows.

The numbers are impressive, with IBIT accounting for the majority of inflows in the U.S. spot Bitcoin ETF market during this period. Between August 3 and August 5 alone, U.S. spot Bitcoin ETFs collectively pulled in roughly $626 million, with IBIT's share coming to around $478 million.

Since its launch in January 2024, IBIT has consistently accounted for 70-80% of daily inflows across the entire U.S. spot Bitcoin ETF market. The latest run sits at the top of this band, with historical inflow streaks generally ranging between $200 million and $600 million.