BlackRock clients purchased $108.44 million worth of Bitcoin in a single session through the firm’s iShares Bitcoin Trust, known as IBIT. The purchase falls within IBIT’s recent pattern of daily inflows ranging from $80 million to more than $200 million. Since launching in January 2024, the fund has routinely captured 50% to 80% of total daily or weekly inflows among U.S. spot Bitcoin ETFs. Its holdings have grown to between 770,000 and 786,000 BTC, while BlackRock transacts in Bitcoin only at clients’ request and does not hold the asset on its own balance sheet. Custody is handled by Coinbase Prime. BlackRock also lowered the minimum for in-kind conversions from $25 million to $1 million in 2026, helping investors move directly held Bitcoin into IBIT shares. Cumulative in-kind conversions have surpassed $5 billion.