BlackRock IBIT hits 10 billion daily trading volume as bitcoin crash deepens

Bloomberg ETF analyst Eric Balchunas wrote on X that about $10 billion of IBIT shares changed hands during the session. He also noted that IBIT fell about 13% on the day, calling it the fund’s second-largest one-day decline since launch. Balchunas pointed to 8 May 2024 as the largest daily drop at about 15%.

Flow data reflected the stress. On 4 February 2026, IBIT recorded $373.4 million of net outflows, and the fund has logged net inflows on only 10 trading days so far in 2026, according to the figures cited in the report.

Bitcoin fell about 12% over the prior 24 hours to around $64,000, after briefly touching roughly $60,300, the report said. CoinGecko data cited in the article put bitcoin down about 50% from an early October peak near $126,000. IBIT moved in a similar direction, falling about 48% from a high near $70 in early October to about $36.10 at Thursday’s close.

Bob Elliott, chief investment officer at Unlimited Funds, wrote on 1 February 2026 that the average dollar invested in IBIT was underwater based on the market close on 30 January 2026. The report linked the latest leg down to weaker U.S. labor data and investor concern over the scale of capital flowing into artificial intelligence. Veteran trader Peter Brandt wrote on 4 February 2026 that bitcoin showed “fingerprints of campaign selling,” with limited buying support stepping in during the decline.

As GNcrypto wrote on 23 December 2025, BlackRock placed its iShares Bitcoin Trust prominently on its public homepage alongside an iShares Treasury bills ETF and a fund tied to the Magnificent 7 U.S. technology stocks. Figures cited in that report showed IBIT brought in more than $25 billion of net inflows in 2025, and Farside Investors data put cumulative inflows since launch at roughly $62.5 billion, while BlackRock also filed for a bitcoin options income ETF and an iShares Staked Ethereum ETF.