Spot bitcoin ETFs pulled in $223.2 million in net inflows on Thursday alone, with BlackRock's IBIT accounting for $167.5 million of that total — roughly 75 cents of every dollar flowing into the category. The Thursday print extended a consecutive positive-flow streak to eight trading days, pushing the cumulative haul for the run to $2 billion.
An eight-day uninterrupted inflow streak at this scale signals more than short-term positioning. Institutional allocators are adding with conviction, and IBIT's dominance of the daily flow suggests BlackRock's distribution network continues to be the primary on-ramp for new money entering bitcoin through regulated wrappers.
For the broader market, sustained ETF inflows of this magnitude reduce available liquid supply while demand compounds — a structural dynamic that has historically preceded price discovery to the upside.
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