BlackRock scoops up over $1 billion of this crypto in 20 days
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Although Bitcoin (BTC) price has remained in a choppy consolidation between August 20, 2026, and September 15, BlackRock Inc. (NYSE: BLK), through its iShares Bitcoin Trust (IBIT), has purchased assets worth over $1 billion in this period.
BlackRock’s IBIT bought Bitcoin valued at approximately $1.218 billion over the past 20 stock-trading days, according to data from SoSoValue. As such, IBIT net assets is about $62.22 billion at the time of writing.
Since August 26, BlackRock’s IBIT has recorded seven days of cash inflow, amounting to roughly $1.515 billion. During the same period, this spot Bitcoin exchange-traded fund (ETF) has registered six days of cash outflows, totaling approximately $297.8 million.
As such, BlackRock has increased its Bitcoin holdings to 786,654.3389 BTC at the time of reporting, based on the company’s official data.
BlackRock dominates U.S. spot Bitcoin ETFs
Over the past 20 stock trading days, the United States spot BTC ETFs saw a net cash inflow of $956.71 million, as per updates from SoSoValue. Notably, the U.S. spot Bitcoin ETFs followed a similar trend, with BlackRock’s IBIT daily cash flow, thus highlighting its dominance.
As a result, these funds had $100.09 billion in net assets at the time of publication.
Bitcoin price performance
Despite IBIT helping the U.S. spot Bitcoin ETFs net accumulate since August 26, BTC price has remained in a choppy consolidation. During the past 30 days, Bitcoin price has surged 20.78%, trading at $76,330 at the time of publication.
Over the last 24 hours, Bitcoin’s trading volume rose by 28.69%, hovering at $32.38 billion at press time. If BlackRock continues to net-purchase BTC, Bitcoin’s recent Bitcoin’s bullish momentum could continue.
Featured image via Shutterstock
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