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BlackRock's IBIT Brings In $136.6 Million as Institutional Buying Lifts Bitcoin ETFs

CoinMarketCap said that even as the Bitcoin ETF market posted losses for three straight sessions, BlackRock's iShares Bitcoin Trust (IBIT) still attracted $1.366 billion in net inflows over the week. Across all spot Bitcoin ETFs, net inflows totaled $162.8 million for the week, largely powered by a single $630 million jump on Friday that wiped out four days of outflows. The late-week turnaround was driven by institutions rather than retail flows, pointing to longer-term implications for demand. Larry Fink and Cathie Wood have indicated that the next leg of Bitcoin adoption is likely to come through formal distribution channels and authorized capital allocations, not broad-based retail participation. Bitcoin rose 1.1% over the past 24 hours, topping $80,750 during the session. Daily trading volume climbed to $48.8 billion, reviving market optimism.
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