Bitcoin is changing hands near $80,000 today, continuing its run with more than 3% gain today. That makes the asset have its best August ever. BlackRock also provides another catalyst, with its Bitcoin product, which makes it easier to arbitrage than ever.
Over a recent Monday-to-Wednesday last week stretch, BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $479 million of the $626 million that flowed into all U.S. spot Bitcoin exchange-traded funds (ETFs), or 76% of its total demand. That concentration follows an earlier August week where U.S. spot Bitcoin ETFs saw $853.5 million in net inflows, the strongest pace since mid-April.
JUST IN: Bitcoin is currently having its 3rd best August EVER, currently up 25% this month 🚀 pic.twitter.com/q45AHHpK4e
— Bitcoin Magazine (@BitcoinMagazine) August 24, 2026
Those are not all, BlackRock has also quietly slashed the minimum in-kind conversion size for IBIT from $25 million down to $1 million, a 96% reduction that open
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