BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $665.16 million of net inflows on Monday, its largest single-day haul since October 7, 2025. The signal of institutional demand stands in sharp contrast to outflows at rival products, while bitcoin remains stuck in a tight range. Here is a breakdown of the flows, the conflicting data points and the levels to watch.
🔑 Key takeaways
- IBIT: +$665.16M in net inflows Monday, its best day since October 7, 2025.
- US spot bitcoin funds: +$526.6M in aggregate, despite outflows at FBTC and GBTC.
- Bitcoin: price boxed between $82,000 and $83,000, with volatility expected.
- Ethereum: fourth straight day of outflows, -$103.3M.
Inflows concentrated in BlackRock’s flagship fund
US spot bitcoin funds collectively recorded net inflows of $526.6 million on Monday. That headline total masks wide dispersion: IBIT captured most of the capital and more than offset withdrawals elsewhere. The flows underline a concentration toward the largest vehicle in the market, which holds $66.37 billion in net assets and remains the biggest spot bitcoin fund.
The table below summarizes daily flows for the main products, based on SoSoValue data as relayed by the sources listed at the end of this article.
| Product | Net flows Monday ($M) | Reading |
|---|---|---|
| IBIT (BlackRock) | +665.16 | Largest inflow since October 7, 2025 |
| FBTC (Fidelity) | -83.6 | Outflows, figure disputed |
| GBTC (Grayscale) | -54.9 | Persistent outflows |
| Total US spot funds | +526.6 | Net positive balance |
IBIT, launched in January 2024 by the world’s largest asset manager, benefits from its leadership position in attracting institutional money. Investors appear to favor the liquidity and recognition of a single flagship product over diversification across issuers.
Conflicting data points to keep in mind
The sources available do not agree on every figure. One source reports outflows of $10.90 million from FBTC on Monday, against $83.6 million in the main estimate. The contradiction is not explained in the data reviewed. Similarly, IBIT’s asset base is put at $66.37 billion by one source and about $66.85 billion by another, a gap most likely caused by different timestamps.
A CryptoPotato headline also cites historic inflows of $872 million, a number that does not match the $665.16 million used here. Without corroboration, that figure should be treated with caution. For trend analysis, only data points consistent across several sources are retained.
Dominick John, analyst at Zeus Research, reads the flows with caution:
“Flows into BlackRock signal resilient institutional demand despite macro headwinds and volatile bitcoin price action.”
Dominick John, Analyst, Zeus Research
He adds that the persistent resistance suggests ETF purchases are being absorbed by selling pressure, while fears of higher rates weigh on risk appetite more broadly.
Bitcoin trapped in a range
On Monday, bitcoin was consolidating tightly between $82,000 and $83,000. The price fell 2.34% over the past seven days but stayed above its May peak, near $82,000. 24-hour trading volume reached $33.84 billion, up 9.43% on the day.
The Block’s crypto Fear & Greed Index stands at 59, in what it labels “greed” territory. Sentiment is therefore leaning positive, without the excess seen in past euphoric phases.
- Key support: $82,000, the May peak zone.
- Immediate resistance: $83,000, the top of the range.
- Macro factor: uncertainty over a possible further Federal Reserve rate hike.
Min Jung, associate researcher at Presto Research, says the exact driver behind the massive inflows remains unclear, but that investors could be positioning for a potential bitcoin catch-up:
“Unlike other risk assets trading near record highs, bitcoin has remained largely stuck in a range without sector-specific catalysts, making current levels relatively attractive.”
Min Jung, Associate Researcher, Presto Research
The researcher nonetheless warns that volatility should persist, with uncertainty over the Fed decision dampening risk sentiment.
Ethereum, new products and the broader trend
US spot ethereum ETFs recorded a fourth consecutive day of net outflows, with $103.3 million leaving on Monday. This negative streak contrasts with the bitcoin dynamic and points to selective rotation among institutional investors.
The same day, BlackRock filed with the SEC for the iShares Bitcoin Managed Protect ETF. The product would offer downside protection while keeping upside exposure through IBIT. The filing remains subject to regulatory review.
- Total assets across US spot bitcoin ETFs: about $107.82 billion.
- Flows in the week preceding the October 10 crypto crash: +$2.71 billion.
- Flows in the week of September 25: about +$2.39 billion, the highest level since that event.
These figures show that institutional demand remains structurally present, even though weekly flows have varied sharply since the October crash.
Outlook and scenarios
In a bullish scenario, a sustained break above $83,000, backed by persistent inflows into IBIT, would validate the thesis of an institutional catch-up. Volume and confirmation across several funds would then be the key indicators.
In a bearish scenario, a Federal Reserve rate hike or a rejection below $82,000 could revive outflows across products and extend the consolidation. Between those two boundaries, the current range remains the most probable reference in the short term.
Sources
- The Block, BlackRock IBIT $665 million
- KuCoin News, bitcoin ETF inflows
- NewsBTC via TradingView
- CryptoPanic, news aggregation
- CryptoPotato, historic inflows
- iShares by BlackRock, ways to invest in bitcoin
Cet article est publié à titre informatif et éducatif. Il ne constitue en aucun cas un conseil en investissement. Faites vos propres recherches (DYOR) avant toute décision.
