BlackRock IBIT Reverses 11-Day, $2.24B Outflow Streak With $209M Inflow — While Abu Dhabi's Sovereign Wealth Fund Holds $566M Position

BlackRock's iShares Bitcoin Trust (IBIT) — the world's largest spot Bitcoin ETF at $44.91B AUM — recorded approximately $209.4 million in net inflows on July 6, 2026, according to Farside Investors data. This marks IBIT's first positive inflow day after 11 consecutive sessions of net redemptions, during which roughly 35,980 BTC ($2.24 billion) exited the fund.

The reversal is significant because IBIT was the outlier in the initial ETF recovery. On July 2, when the broader Bitcoin ETF sector turned positive with $221.7 million in net inflows — snapping a 10-day, $2.73 billion sector-wide outflow streak — IBIT was still bleeding. It recorded its 11th consecutive outflow that day, losing an additional $40.4 million while Fidelity's FBTC ($166M) and Ark's ARKB ($92M) led the recovery. The fact that IBIT has now joined the reversal means the ETF recovery is broad-based, not just a Fidelity-and-Ark story.

Total spot Bitcoin ETF inflows on July 6 reached approximately $265.7 million, with IBIT's $209 million leading and Fidelity FBTC contributing $61.5 million. Ethereum ETFs also saw modest gains of around $29 million.

The institutional backdrop is telling. Recent 13F filings reveal that Abu Dhabi's Mubadala Investment Company held 14,721,917 IBIT shares as of March 31, 2026 — valued at approximately $566 million. The sovereign wealth fund expanded its IBIT position by 16% in Q1 2026, purchasing roughly 2 million additional shares. Mubadala first disclosed its IBIT position in Q4 2024 and has added in most quarters since.

This positions Mubadala as one of the largest sovereign wealth fund holders of a spot Bitcoin ETF globally. The accumulation stands in sharp contrast to the $5.4 billion in year-to-date net outflows from US spot Bitcoin ETFs — the first negative half-year since launch. While aggregate ETF investors were heading for the exits during the worst institutional selloff in Bitcoin ETF history, one of the world's most sophisticated capital allocators was adding.

The flow reversal coincides with Bitcoin's best weekly performance since March, rising approximately 7% in the week ended July 5. BTC trades around $63,000-$64,000 as of July 7, having absorbed Strategy's historic 3,588 BTC ($216 million) sale on July 6 without sustained damage — a stark contrast to May, when a much smaller 32 BTC sale by Strategy triggered a flash crash to $58,000.

Cumulative net inflows for all US spot Bitcoin ETFs since January 2024 launch now exceed $51 billion.