BlackRock clients purchased approximately $454 million worth of Bitcoin in a single transaction during the week of August 17-25. This operation is part of a broader institutional buying movement totaling $1.33 billion over the same period, the largest since October 2025. BlackRock’s spot Bitcoin ETF, IBIT, dominates the market with over 75% of daily flows and manages approximately $59 to $60 billion in assets. Bitcoin was trading around $78,000. Total U.S. spot Bitcoin ETFs received between $3.3 and $3.52 billion in flows in August 2026.
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