BlackRock clients net purchase $273M in Bitcoin this week

BlackRock’s iShares Bitcoin Trust is back in accumulation mode. After weeks of institutional investors heading for the exits, IBIT pulled in roughly $319 million in inflows between July 20 and 22 alone, making it the dominant force behind a $499 million weekly haul across all US spot Bitcoin ETFs. The recent buying spree recovers only about 15% of the damage done during June’s sell-off, and total Bitcoin ETF flows for 2026 are still sitting at negative $4.76 billion. From panic selling to cautious buying During the week of June 22 to 26, IBIT accounted for approximately 73% of total Bitcoin ETF outflows, bleeding roughly $1.30 billion in a single week. On July 6, IBIT recorded $209.4 million in inflows as part of a broader $265.7 million daily total across Bitcoin ETFs. The week before that saw approximately $204 million flow into the fund. And now, the latest weekly figures show the buying pressure accelerating further. As of July 30, IBIT held approximately 739,066 BTC, valued at around $47.67 billion in net assets. That’s roughly 3.5% of all Bitcoin that will ever exist, locked up in a single ETF wrapper. The institutional sentiment barometer IBIT has consistently led the pack a...