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Bitcoin draws stronger macro support as BlackRock spot ETF hits record week

BlackRock’s spot bitcoin ETF, IBIT, posted a record trading volume for a positive week, with net inflows reaching $1.33 billion last week and $2.64 billion so far in the month.

Reported · Written up by our desk · Market Structure

CoinDesk reports that Robbie Mitchnick, BlackRock’s head of digital assets, said the macro case for bitcoin is strengthening, citing growing concerns over U.S. debt and deficits and suggesting bitcoin is increasingly viewed as a store of value alongside gold.

According to TradingView data cited by CoinDesk, trading volume in BlackRock’s spot bitcoin ETF IBIT reached a record for any positive week since the fund’s January 2024 debut. During the same period, bitcoin’s price rose about 23%, while IBIT’s share price surged 22.6% to $43.68.

CoinDesk also points to BlackRock’s positioning as the issuer of the largest spot bitcoin ETF, noting the product has drawn $63 billion in investor capital since inception. It reported that last week, 439.5 million IBIT shares changed hands and the ETF recorded net inflows of $1.33 billion.

CoinDesk further said that heavy, conviction-driven institutional buying appears to be behind the move, rather than short-term speculation or retail demand. It added that IBIT’s net inflows totaled $2.64 billion so far this month, the most since October 2025, based on SoSoValue data.

Latest closeGold $4,666.20 ▲0.6%|Bitcoin $80,243.90 ▲1.5%

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