BlackRock’s iShares Bitcoin Trust led the rebound as U.S. spot Bitcoin ETFs turned positive again. IBIT pulled in $144.1 million, more than the category’s total net intake on the day, which tells us other issuers were flat or saw outflows that offset part of BlackRock’s gain.
Trading volume across the group reached about $2.76 billion, a sign that activity picked up after the prior session’s pullback. But this was not a broad lift across the field. The buying was heavily funneled into IBIT, reinforcing BlackRock’s role as the main institutional entry point for Bitcoin exposure in the U.S.
That also helps explain why ETF flow data can look stronger than the spot price at the same time. Fund subscriptions show where allocators are choosing to place money, and on this session they chose one vehicle decisively rather than spreading demand across the sector.