BlackRock's IBIT Attracts $1 Billion in Four Sessions as Bitcoin Pulls Back From $87,000
Key Takeaways
- •BlackRock's IBIT recorded roughly $1.02 billion in net inflows over four consecutive trading sessions between September 17 and 22.
- •The fund captured about 44% of the $2.31 billion in combined net inflows across US spot Bitcoin ETFs during that stretch.
- •IBIT's daily inflows of $183.7 million, $108.4 million, $381.4 million, and $350.3 million reflect investor capital seeking Bitcoin exposure through a regulated vehicle, not spending by BlackRock itself.
- •Bitcoin slipped 2.35% to just over $84,175 after reaching an intraday high near $87,283, yet inflows into IBIT continued through the pullback.
- •As long as Bitcoin holds above the $80,000 support level, the recent breakout stays intact, with a move through $87,300 potentially opening the path toward $90,000.
BlackRock's spot Bitcoin exchange-traded fund, IBIT, took in more than $1 billion across four consecutive trading sessions, according to data from Farside Investors, as investors continued using the vehicle to gain exposure to Bitcoin. The flows persisted even as Bitcoin pulled back from above the $87,000 level, suggesting that demand through regulated funds remains firm despite short-term profit-taking.
IBIT Captures Nearly Half of Bitcoin ETF Inflows
Farside Investors data showed that between September 17 and 22, the BlackRock spot Bitcoin Trust (IBIT) recorded approximately $1.02 billion in net inflows.
The fund gained $183.7 million on September 17, followed by another $108.4 million the following day. Investors then added $381.4 million and $350.3 million on September 21 and 22, respectively.
Across the four sessions, US spot Bitcoin ETFs attracted a combined $2.31 billion, with IBIT accounting for roughly 44% of the total flow.
The figures represent investor capital placed into the fund to obtain Bitcoin exposure without holding BTC directly — not spending by BlackRock itself. Because they capture new investment rather than issuer purchases, these daily tallies are widely used as a gauge of how much demand is arriving through regulated vehicles.
The inflow pattern also underscores that IBIT remains a preferred route into the market for participants seeking regulated access. Debuting in January 2024 as part of the first group of US spot Bitcoin ETFs, the fund is offered by BlackRock, the world's largest asset manager, and gives investors Bitcoin exposure through an ordinary brokerage account.
Bitcoin Retreats Despite Continued Demand
The ETF buying coincided with a strong Bitcoin rally, though the chart showed the momentum cooling at the time of writing. The largest cryptocurrency reached an intraday high near $87,283 before slipping to just over $84,175, leaving it down 2.35% on the day.
The pullback does not erase the broader rebound, and Bitcoin continues to hold above its main moving averages. The nearest major support sits around $80,000 — a level that previously acted as a barrier before the price moved higher.
According to the report, as long as Bitcoin holds above that threshold, the recent breakout remains intact, keeping open the possibility that buyers make another attempt at the $87,300 area. A successful move through that zone would bring the $90,000 level into view. Conversely, a dip below $80,000 would weaken the structure, with Bitcoin potentially returning to the $75,000–$76,000 region where demand previously picked up.
Away from the charts, the next daily flow readings from Farside Investors will show whether the four-session inflow streak extends and whether IBIT's share of category-wide flows holds near current levels.
Summary
IBIT drew combined net inflows of about $1.02 billion over the most recent four trading days, capturing nearly half of all US spot Bitcoin ETF flows during that stretch. Bitcoin, meanwhile, sits above $80,000 after fading from intraday highs near $87,300.
This article is based on reporting originally published by AMBCrypto.
