BlackRock’s IBIT Bitcoin ETF Sees $665M Inflow, Highest Since October 2025

The size of the IBIT inflow relative to its recent history suggests institutional appetite for bitcoin exposure through regulated vehicles has not faded, even after a stretch of softer flows. That Presto's Min Jung frames it as positioning for a 'catch-up trade' is telling: the bid appears to be about closing a performance gap rather than fresh conviction in a new leg higher. The question worth watching is whether this is a one-off reallocation or the start of sustained ETF demand — a single large print is weak evidence either way, and the read-through to spot price remains unproven.