In a surprising turn of events, BlackRock has paused its significant sell-off of Bitcoin, following four consecutive days marked by outflows. Recent data from Farside Investor indicates that BlackRock”s IBIT ETF recorded an impressive inflow of $15.9 million, the most substantial inflow from any asset manager in the exchange-traded funds market.
This influx played a pivotal role in reversing the trend of outflows, enabling the ETF market to close positively after five days of declines. In addition to BlackRock, other asset managers such as WisdomTree and Grayscale also contributed with inflows of $2.8 million and $7.7 million, respectively. Conversely, Fidelity saw outflows of $5.7 million, while Bitwise and Ark Invest faced greater losses, shedding $11.0 million and $2.9 million, respectively.
Despite the positive momentum from BlackRock”s inflow, the cumulative inflows at the day”s end totaled just $6.8 million, leaving observers questioning whether BlackRock”s selling spree will resume. The asset manager has been under scrutiny since it initiated its Bitcoin sales in 2026, beginning with a substantial deposit of 1,134 BTC valued at $101.4 million on the Binance exchange. Market analysts expressed concerns that such substantial sales could induce broader market selling pressure, a fear that has proven somewhat valid as Bitcoin has experienced notable volatility.
Over the past 30 days, the flagship cryptocurrency has managed a mere 0.09% increase, unable to regain six figures following a peak around the $97,000 mark before facing a downturn. As of now, Bitcoin is trading at $88,034.51, reflecting a 0.46% uptick in the last 24 hours. However, trading volumes have dipped significantly, down 25.9% to $35.87 billion in the same timeframe.
The current price consolidation of Bitcoin has led to substantial withdrawals, with reports indicating that over $1.46 billion, or 16,300 BTC, exited Bitcoin funds within the past week, as noted by on-chain analyst Ali Martinez. Nevertheless, the situation is not entirely bleak; business intelligence firm Strategy has announced the acquisition of an additional 2,932 BTC, valued at over $264 million, in the past 48 hours, offering optimism to a segment of the market that not all institutional holders are retreating from Bitcoin.
