BlackRock’s IBIT Draws In $231M As Bitcoin ETFs Close Week Positively — Details
After a chaotic week for the cryptocurrency market, the US-based Bitcoin ETFs (exchange-traded funds) noticed important capital inflows on Friday, February 6. As the flagship cryptocurrency and the remainder of the market suffered large declines, the BTC-linked exchange-traded merchandise additionally posted substantial withdrawals in the course of the week.
With the bear market confirmed by the newest steep price decline, it will be attention-grabbing to see how the US Bitcoin ETFs would carry out throughout their first prolonged interval of downward value motion. To give perspective, the BTC exchange-traded funds have had 11 days of capital inflows to date in 2026.
US Bitcoin ETFs Post $330M Net Inflows
According to the newest market information, the US Bitcoin ETFs noticed a complete internet influx of $330 million on Friday. This spherical of capital inflow comes after three days of heavy withdrawals from the BTC exchange-traded funds over the previous week.
While the market information for Friday’s exercise stays incomplete, it comes as little shock that BlackRock’s iShares Bitcoin Trust (with the IBIT ticker) led this spherical of capital inflows. According to SoSoValue’s data, the exchange-traded fund added $231.62 million in worth to shut the week.
Furthermore, Ark & 21Shares’ (ARKB) adopted in second place, with a complete internet influx of $43.25 million on the day. Meanwhile, Bitwise’s Bitcoin ETF (BITB) and Grayscale’s Bitcoin Mini Trust (BTC) registered $28.7 million and $20.13 million in whole internet inflows, respectively, on Friday.
Invesco Galaxy Bitcoin ETF (BTCO) was the one different Bitcoin ETF that registered exercise on the day, posting a complete internet influx of $6.97 million. As inferred earlier, these figures are available in stark distinction to the performances seen earlier within the week.
It is value mentioning that this capital inflow seen by the Bitcoin ETFs coincided with the value of Bitcoin reclaiming the $70,000 stage on Friday. Meanwhile, it’s no coincidence that the Coinbase Premium, an indicator of demand from United States buyers, flipped constructive going into the weekend.
According to information from SoSoValue, this $330 million efficiency additionally brought the weekly record to round $350 million in detrimental outflows. Notably, the $561 million capital influx recorded on Monday, February 2, additionally performed an element within the closing weekly determine.
Bitcoin Price At A Glance
After briefly reclaiming the $70,000 mark on Friday, the premier cryptocurrency has cooled off over the weekend. As of this writing, the value of BTC stands at round $68,900, reflecting an over 1% decline previously 24 hours.
