BlackRock Buys $250 Million in Bitcoin in Two Days, Ending Two-Week Sell-Off
BlackRock is the world’s largest asset manager, and flows involving its spot Bitcoin ETF are often viewed as a barometer of institutional investor sentiment. Related wallets recorded daily sales for two consecutive weeks from early to mid-July 2026, raising concerns that large investors were continuing to withdraw funds and weigh on Bitcoin prices.
On-chain analytics platform Arkham said that, as of July 20, 2026, BlackRock had ended the two-week selling streak and bought about $250 million in Bitcoin over the latest 48 hours. The reversal in flows points to a recovery in institutional demand and has prompted the market to reassess the prospects for a short-term Bitcoin rally.
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The history behind this eventBlackRock Bitcoin ETF Posts $528 Million Outflow, Second-Largest on Record
BlackRock's iShares Bitcoin Trust (IBIT) quickly became the largest U.S. spot Bitcoin ETF after its January 11, 2024, launch. Its fund flows are regarded as an important gauge of institutional risk appetite, with large withdrawals typically adding pressure to Bitcoin's price and market liquidity.
IBIT recorded net outflows of about $528 million on July 15, its second-largest single-day outflow since launch. U.S. spot Bitcoin ETFs collectively lost more than $733 million that day. Escalating tensions in the Middle East and macroeconomic uncertainty boosted demand for safe-haven assets, while Bitcoin briefly fell below $75,000, indicating that institutional investors were reducing their crypto exposure.
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