BlackRock IBIT Drives $612M of $786M in Bitcoin ETF Flows

BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $612 million of $786 million in weekly inflows to US-listed spot Bitcoin exchange-traded funds last week, according to SoSoValue. The total was the largest weekly intake since late February.

SoSoValue data show US spot Bitcoin funds drew $786 million, narrowly below the roughly $787.31 million recorded in the final week of February. Flows were uneven across the five trading days: a $471.32 million inflow on Monday, outflows midweek, and recoveries on Thursday and Friday.

IBIT’s $612 million represented about four-fifths of the category’s net new money. Morgan Stanley’s newly launched MSBT fund added roughly $46 million over its first three trading days. Morgan Stanley distributes through about 16,000 financial advisers.

Bitcoin moved from near $67,000 to above $70,000 during the period and was trading around $73,411 by the week’s close, a gain of roughly 9 percent.

The weekly flow pattern — a large Monday intake, midweek withdrawals, and late-week gains — left the group with its best weekly result in nearly two months. Issuers continue to offer US-listed spot Bitcoin ETFs through established distribution networks.