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BlackRock's Bitcoin ETF IBIT jumps 6% with $300M inflows, dominating US spot Bitcoin ETF market.

Market News
04 Sep 2026, 01:05 WIB
Crypto Briefing
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Bullish
BlackRock's Bitcoin ETF IBIT jumps 6% with $300M inflows, dominating US spot Bitcoin ETF market.

BlackRock’s iShares Bitcoin Trust (IBIT) surged nearly 6% fueled by $300 million in daily net inflows, dominating US spot Bitcoin ETFs. On key days like August 27 and September 2, IBIT attracted more inflows than the entire category combined, even as competitors faced outflows. Since its January 2024 launch, IBIT has amassed over $63 billion in net inflows, holding about 60% of the $97-$100 billion US spot Bitcoin ETF market. This strong institutional demand provides a new structural support for Bitcoin prices, which have hovered in the mid-to-high $70,000s, marking a shift from previous cycles where investors faced more complex Bitcoin exposure options.

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