BlackRock ETF logs 7th day of Bitcoin inflows

BlackRock’s iShares Bitcoin Trust recorded net inflows for a seventh straight day as Bitcoin neared $80,000, extending a weeklong trend of investor purchases into the spot ETF.

The streak follows U.S. approvals earlier this year for several spot Bitcoin ETFs that let asset managers offer funds that directly hold Bitcoin to back shares. These funds provide regulated, exchange-traded exposure to Bitcoin without requiring direct control of private keys.

Institutional managers, financial advisers and retail buyers have been cited as sources of demand. When ETF managers receive cash inflows, they typically buy spot Bitcoin to back new shares, which increases buying pressure in the underlying market.

Multiple spot Bitcoin ETFs now trade in U.S. markets. The launch created a pathway for pension funds, endowments and other large investors to add Bitcoin exposure within regulated account structures.

Inflows coincided with Bitcoin’s rise toward $80,000. Trading desks reported tighter liquidity on some spot venues during heavy ETF-related buying, which can amplify short-term price swings.

The ETFs operate under existing U.S. securities rules and use custodial arrangements and regulated exchanges rather than unregulated wallets.

BlackRock did not issue a public statement about the latest flows. Market participants will watch whether the inflow streak continues and how ETF purchases affect Bitcoin’s price and market structure in the coming weeks.