Blackrock's IBIT Drives $175M ETF Inflows as Bitcoin's Price Falls Below $80K

Key Takeaways

• U.S. bitcoin ETFs drew $174.60M, even as BTC slipped back below $80,000 on Friday.
• Blackrock’s IBIT led flows, showing resilient demand despite stronger U.S. jobs data.
• Markets will watch the Fed’s September rate outlook as crypto ETF flows stay mixed.

Bitcoin ETF Demand Holds Despite Price Retreat

Wall Street ended the week with two competing signals: resilient demand for bitcoin exposure and a stronger-than-expected U.S. labor market that could complicate the path for interest rates.

Bitcoin ETFs drew $174.60 million on Friday, with Blackrock’s IBIT taking in $117.38 million and Fidelity’s FBTC adding $57.22 million. Trading value across the group reached $2.95 billion, while net assets closed at $101.25 billion.

The flow was notable because the bitcoin price had already slipped back below $80,000 after breaking above the level a day earlier. ETF demand held up despite the pullback.

Blackrock’s IBIT has now attracted $3.575 billion over the past 30 days, reinforcing its position as the dominant institutional gateway to bitcoin.

Ether Stays Positive as Hype Returns to Inflows

Ether ETFs recorded $26.46 million in net inflows, though the session featured sharp moves between individual funds.