Cryptocurrency

BlackRock’s IBIT Leads Nearly $1B Bitcoin ETF Recovery as Inflows Hit 7 Straight Days

Bitcoin ETFs just snapped a brutal stretch of outflows with seven straight days of buying, but one fund is hoovering up nearly all the money while the recovery still has billions to go before it means anything.

By Sam Daodu
Published July 23, 2026, 4:38pm ET · 3 min read

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

A close-up shot of multiple golden Bitcoin coins stacked on a dark, reflective surface. On the topmost Bitcoin coin, three small black cubes with white letters spell out 'E', 'T', and 'F', in that order. The cubes and coins show clear reflections on the surface below.
The rise of Bitcoin ETFs, symbolized by the ETF cubes on Bitcoin coins, continues to shape the cryptocurrency investment landscape. This comes as BlackRock's IBIT sees significant inflows. © 24K-Production / Shutterstock.com

U.S. spot Bitcoin (CRYPTO:BTC) ETFs have recorded nearly $1 billion in inflows over seven straight sessions, marking their strongest stretch in 11 weeks. Investors have added $499.05 million this week, and the funds now hold about 6% of all the Bitcoin in existence.

BlackRock’s IBIT leads the inflow streak, taking in $319.16 million of this week’s total and topping every session. Could this finally be the start of a long-awaited recovery for Bitcoin ETFs after the funds saw nearly $7 billion in outflows across May and June?

Bitcoin ETFs Just Logged Seven Straight Days of Inflows

Golden Bitcoin coins are scattered in front of three wooden block letters spelling 'ETF' on a dark, reflective surface. The coins reflect on the surface below, creating a sense of depth and focus on the central Bitcoin coin displaying its 'B' logo.

24K-Production / Shutterstock.com

Investors pulled out $424.66 million from Bitcoin ETFs on July 13, and that was the last outflow day, which also marked the heaviest single-day withdrawal of the month so far. Since then, money has come back in every session. The last time U.S. spot Bitcoin ETFs managed seven straight days of inflows was early October 2025, when Bitcoin traded near its all-time high around $126,000.

The buying has swung wildly from day to day. Investors added $181.08 million on July 14, then slowed to $107.80 million on July 15 and $79.15 million on July 16, before putting in $132.30 million on July 17. 

They bought the most on July 20 and July 21, at $226.92 million and $203.14 million, as Bitcoin climbed above $66,000 on reports that President Trump had agreed to the ethics rules holding up the CLARITY Act. Investors added just $68.99 million on July 22, which is the weakest session of the streak.

Why BlackRock Leads Bitcoin ETF Inflows

A golden Bitcoin coin stands prominently on a dark keyboard, surrounded by various silver and gold-toned physical coins. In the blurred background, a digital stock chart on a screen displays an upward trend, highlighted by a bright blue line with an arrow pointing towards the upper right corner. The scene is illuminated by a soft lens flare.

Travis Wolfe / Shutterstock.com

BlackRock’s iShares Bitcoin Trust has pulled in $60.81 billion since it launched, while every spot Bitcoin ETF put together has taken in $51.85 billion. Grayscale’s GBTC is what drags the total funds down, having lost $27.42 billion since it converted into an ETF, with another $38.30 million leaving on July 22. Grayscale charges 1.50% a year against IBIT’s 0.25%, and that difference compounds into serious money for anyone holding for years.

In Bitcoin terms, IBIT now holds 3.70% of every coin that exists, while the other twelve spot ETFs hold 2.38% between them. In terms of trading activity, the same exists, with $871.32 million of the $1.11 billion that changed hands across all thirteen funds on July 22 going through IBIT alone.

Fidelity’s FBTC charges nothing at all, yet it holds $11.38 billion against IBIT’s $48.86 billion. A free fund losing more than four to one to a fund charging 0.25% says price is not what decides this. BlackRock wins on distribution, because its products are already on the platforms that pension managers, endowments and financial advisers use every day, so buying IBIT means clicking a button they have clicked a thousand times before.

IBIT also led every session this week, recording $116.48 million on July 20, $163.90 million on July 21 and $38.78 million on July 22, which amounts to $319.16 million of the $499.05 million that came in. Over the previous week it pulled in $204 million while the total ETF funds kept just $75.67 million, because investors were pulling $181 million out of Fidelity’s FBTC at the same time.

Has the Bitcoin ETF Outflow Stopped?

Investors have added $699.22 million to Bitcoin ETFs so far in July, making it the first month of net inflows since April. But a total of $4.51 billion was pulled out of these funds in June alone, so July has recovered only about 15% of the damage from last month.

Across 2026 as a whole, these funds are still down $4.76 billion in net outflows, and the buying is slowing rather than picking up. The ETFs recorded $226.92 million inflows on July 20 but only $68.99 million by July 22, which is the smallest daily total of the current streak.

So the outflows have slowed, but calling them over after seven days would be premature. Undoing what investors took out in May and June would take months of steady buying, and most of the money coming in right now is going through a single fund.

Contact [email protected] for any questions or corrections.

1INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA(www.finra.org)/SIPC(www.sipc.org).2The probability of a member receiving $1,000 is 0.028%. If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Members must fund their account with a minimum of $50.00 to qualify. The probability percentage is subject to decrease. Members are only eligible for the Stock Award promotion upon opening their first brokerage account; subsequent cash brokerage accounts are ineligible for the promo, including for members with multiple accounts.

3Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.

4There are limitations with fractional shares to consider before investing. During market hours fractional share orders are transmitted immediately in the order received. There may be system delays from receipt of your order until execution and market conditions may adversely impact execution prices. Outside of market hours orders are received on a not held basis and will be aggregated for each security then executed in the morning trade window of the next business day at market open. Share will be delivered at an average price received for executing the securities through a single batched order. Fractional shares may not be transferred to another firm. Fractional shares will be sold when a transfer or closure request is initiated. Please consider that selling securities is a taxable event.
Sam Daodu

Sam Daodu is a crypto analyst and the editor of 24/7 Wall St.'s Crypto Desk, where he covers Bitcoin, XRP, Ethereum, Solana and the altcoins investors search for most. His work focuses on price levels, spot ETF flows, on-chain data and the regulatory decisions that move crypto markets, written so a first-time buyer and a seasoned trader can both use it.
Sam has written about crypto professionally since 2019 and has published more than 2,000 articles. Before joining 24/7 Wall St., he wrote for crypto media outlets and Web3 companies and ghostwrote for crypto founders and token launches. His analysis is syndicated on Yahoo Finance, MSN and AOL and has been cited by other crypto news sites. He also founded MacLabs Marketing, a content and personal branding agency for crypto founders and executives.
When he isn't reading charts, Sam is usually at the gym or watching One Piece, a series he maintains has better tokenomics than most altcoins.

All articles →