BlackRock clients bought $108M of bitcoin via IBIT in one session
- —IBIT attracted $108.44 million in one session, with daily inflows ranging from $80–200 million
- —IBIT holds 770,000–786,000 BTC, custodied by Coinbase Prime
- —The minimum for in-kind conversions was lowered from $25 million to $1 million
- —Cumulative in-kind conversion volume exceeded $5 billion
Why it matters: IBIT captures 50–80% of inflows into US spot bitcoin ETFs, confirming sustained institutional demand for BTC.
Source: Crypto Briefing