BlackArch’s spot bitcoin exchange-traded fund (ETF) saw inflows of $231.6 million on Friday, following two days of heavy flows during a tumultuous week for bitcoin.
The Ishares Bitcoin (BTC) Trust ETF (IBIT) saw $8,548.7 million in total outflows on Wednesday and Thursday as crypto market sentiment pushed the price of bitcoin briefly down to $60,000 on Thursday. According to Farside
Early Forex data shows nine U.S.-based spot bitcoin ETFs raising products totaling $330.7 million, with total outflows of $1.25 billion after three days of outflows.
Bitcoin ETF flows reflected investor sentiment
So far in 2026, IBIT has posted just 11 trading days of net inflows.
Bitcoin holders and crypto market participants closely watch Bitcoin ETFs for clues about where the price is headed and whether interest in the asset is growing.
This comes as the price of Bitcoin has fallen 24.30% over the past 30 days, with Bitcoin trading at 69,820 at the time of publication. According to For Coinmarketcap.
On Thursday, IBT “crushed its daily volume record,” with $10 billion of shares trading hands, according to Bloomberg ETF analyst Eric Balchunas.
Ibit rebounded on Friday after the price plunge
Balchunas added that IBT fell 13 percent on the day, its “second-worst price drop” since its inception, down 15 percent from its biggest daily price on May 8, 2024.
However, IBT lost 9.92% on Friday, closing at $39.68. According to To Google Finance.
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ETF analyst James Seyfart noted on Wednesday that while bitcoin ETF holders are facing their “biggest losses” since the U.S. product launched in January 2024 — a paper loss of about 42 percent with bitcoin below $73,000 — the recent outlay still pales in comparison to the outflows seen at the market’s peak.
Before the October meltdown, spot bitcoin ETF net inflows were about $62.11 billion. They are now down to about $55 billion.
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