BlackRock scooped up over $120 million of this cryptocurrency in a week
BlackRock accumulated more than $120 million worth of Bitcoin (BTC) through its iShares Bitcoin Trust (IBIT) over the latest trading week.
BlackRock's iShares Bitcoin Trust Attracts Over $120 Million in a Week
BlackRock, the world’s largest asset manager, has accumulated more than $120 million worth of Bitcoin through its iShares Bitcoin Trust during the most recent trading week. The purchase coincided with Bitcoin regaining the $80,000 threshold after a period of volatility driven by higher Treasury yields, inflation worries and a recent Federal Reserve rate increase.
Bitcoin Investment Trends
Spot Bitcoin ETF flow data show that BlackRock’s iShares Bitcoin Trust logged net inflows of roughly $120.6 million between September 14 and September 18. The fund drew $134.3 million on September 14, experienced outflows on September 15 and September 16, and then surged with $183.7 million and $108.4 million of new money on the final two days of the week. Those inflows helped push Bitcoin above $80,500 on September 18, extending a recovery that followed heavy ETF redemptions earlier in the period.
Market Volatility and Inflows
The broader U.S. spot Bitcoin ETF market swung sharply throughout the same week. On September 14, the sector recorded $160 million of inflows, but the next two days saw outflows of $450.3 million and $296 million respectively. Sentiment turned positive again, with net inflows of $159.5 million on September 17 and a further $433 million on September 18, largely driven by Fidelity and renewed buying across multiple funds.
Sector Performance and Outlook
Since their debut in January 2024, spot Bitcoin ETFs have amassed about $54.7 billion in net inflows and now hold roughly $96.2 billion in assets. September has delivered a mixed picture for the sector, with more days of outflows than inflows so far, though strong buying sessions have mitigated much of the selling pressure. A single trading day on September 3 generated more than $730 million in net inflows, ranking among the year’s most robust sessions.
Institutional Demand and Ethereum Etfs
Institutional interest continues to underpin Bitcoin’s rebound. Earlier this month, U.S. spot Bitcoin ETFs attracted nearly $987 million in weekly inflows, extending a multi‑week streak that has brought in over $3.8 billion of fresh capital. In contrast, BlackRock’s Ethereum products moved the opposite way; its ETHA and ETHB funds posted a combined net outflow of about $49.1 million over the same five‑session span. The divergent flows suggest that, for now, institutional investors favor regulated Bitcoin exposure more than Ethereum exposure.
Source: finbold.com · 2026-09-19