Asset manager BlackRock’s IBIT spot Bitcoin (BTC) exchange-traded fund (ETF) has been on a roll over the past few weeks. Notably, the crypto-based financial product has recorded 7 consecutive days of net inflows, indicating that institutional demand in the premier digital asset remains robust.
Institutions are still buying Bitcoin
According to data from SoSoValue, BlackRock’s spot BTC ETF dubbed IBIT has been receiving continual inflows since at least July 14. The following table shows that the financial product has bucked the trend of outflows observed earlier in the month.
The Nasdaq-listed fund received more than $710 million in inflows since July 14. On a granular level, the fund attracted about $155 million on July 14, followed by $131 million on July 17, $114 million on July 20, and $157 million on July 21. The latest three readings alone totaled roughly $402 million.
It is worth noting that the demand is not limited to IBIT, since there has been a wider growth in inflows across different spot BTC ETFs. For example, the total inflows since July 14 have eclipsed $870 million, following a massive net outflow worth $424 million on July 13.
On a larger timeframe – such as the monthly basis – net capital inflows to BTC spot ETFs have totalled more than $699 million, in stark contrast to $4.51 billion and $2.43 billion observed in outflows in June and May 2026, respectively.
Other spot BTC ETFs trailing BlackRock’s IBIT include Fidelity’s FBTC, Grayscale’s GBTC, and BTC, and Bitwise BITB. Total net assets tied to these 5 largest U.S.-based spot BTC ETFs are in excess of $75 billion.
The trend of positive net inflows doesn’t seem to be limited to spot BTC ETFs. Spot ETH, SOL, and XRP ETFs have also recorded positive net inflows, however, not at the same magnitude as BTC ETFs.
Just ETFs are not enough
Despite the rising popularity of spot BTC ETFs among institutional investors, some firms are coming up with innovative products to further expand their market share. Over the past month, 3 major financial institutions have unveiled income-generating spot BTC ETF products.
For instance, on June 16, BlackRock launched the iShares Bitcoin Premium Income ETF to generate regular yield for its holders using a covered call strategy. Similarly, on June 22, Morgan Stanley launched a record low 0.14 percent fees ETH and SOL ETFs.
