
BlackRock's IBIT led the rebound with $57.7 million in net inflows, as fresh data and analyst commentary highlighted broader cumulative withdrawals from U.S. spot Bitcoin ETFs since October.
U.S. spot Bitcoin ETFs recorded combined net inflows of nearly $86 million last Friday, ending a five-trading-day stretch of outflows or flat demand. BlackRock's IBIT contributed nearly $58 million of the total, according to SoSo Value data. The renewed demand came against a broader backdrop of sustained withdrawals: since last October, U.S. spot Bitcoin ETFs have logged cumulative net outflows of $7.6 billion, including $3 billion in the first half of 2026. Standard Chartered's Geoffrey Kendrick said recent ETF selling may be tied to holders raising cash for the SpaceX IPO. U.S. spot Ethereum ETFs, meanwhile, previously recorded a $4.9 million net outflow led by ETHA.