BlackRock Bitcoin ETF Adds $1.57 Billion Over the Past Month
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $195.6 million in net inflows on Oct. 1, helping U.S. spot Bitcoin ETFs finish the session with a combined $102.7 million inflow.
The figures highlight how strongly flows were concentrated in BlackRock’s fund. IBIT’s daily inflow exceeded the entire category’s net result because several competing funds recorded withdrawals on the same day.
The data also showed IBIT’s Bitcoin purchases reached about $1.57 billion over the past month. That adds to a broader period of renewed demand for U.S. spot Bitcoin ETFs.
IBIT Leads a Split ETF Session
IBIT’s $195.6 million inflow contrasted sharply with outflows at several other funds. Fidelity’s FBTC recorded a $60.7 million outflow, while Grayscale’s GBTC lost $31.4 million.
Other funds also posted smaller withdrawals:
- FBTC: $60.7 million outflow
- GBTC: $31.4 million outflow
- ARKB: $7.7 million outflow
- BITB: $6.9 million outflow
Those redemptions offset much of IBIT’s buying. As a result, the entire U.S. spot Bitcoin ETF market finished with only $102.7 million in net inflows.
Institutional Demand Remains Concentrated
The latest figures show how individual fund flows can diverge sharply even when the broader ETF category posts a positive result.
BlackRock’s IBIT remains a major vehicle for investors seeking Bitcoin exposure through a regulated exchange-traded product. BlackRock says the fund is designed to reflect Bitcoin’s price performance and provides exposure without requiring investors to hold Bitcoin directly.
The strong monthly accumulation also comes as Bitcoin has attracted renewed attention across financial markets. Reuters reported this week that Citigroup raised its 12-month Bitcoin price forecast to $113,000, citing stronger crypto activity, favorable macroeconomic conditions and renewed ETF inflows.
For investors watching Bitcoin demand, the latest ETF figures provide a clear snapshot of where buying pressure was concentrated. However, daily flows can change quickly, and net inflows do not by themselves determine Bitcoin’s future price direction.
