BlackRock’s iShares Bitcoin Trust added $66.4 million in net inflows on Monday, equal to roughly 1,000 BTC with Bitcoin trading near the $66,000 area.
The inflow stood out because the broader U.S. spot Bitcoin ETF market moved the other way. The same trading day ended with $64.8 million in total net outflows, led by a $124 million redemption from Grayscale’s GBTC. Grayscale’s Bitcoin Mini Trust added $10.6 million, but it was not enough to offset the heavier GBTC exit and smaller outflows across several competing funds.
Bitcoin held near $66,000 during the latest flow update, keeping the market above last week’s deeper stress levels but still below the range needed to restore stronger bullish momentum. The split between IBIT inflows and total ETF outflows shows that institutional demand remains uneven rather than fully risk-on.
Extreme Fear Still Hangs Over The Market
The Crypto Fear and Greed Index fell to 23, keeping sentiment in extreme fear. That reading reflects a market still shaped by geopolitical stress, macro uncertainty and recent volatility, even after Bitcoin rebounded from the $60,000 zone.
ETF flows have become one of the clearest institutional demand signals in this market. A previous stretch of heavy redemptions pushed Bitcoin ETFs into their first weekly outflow in six weeks, weakening the support that had helped stabilize BTC during earlier pullbacks.
BlackRock’s latest inflow softens that pressure but does not fully reverse it. IBIT continues to attract capital while several other funds lose assets, creating a market where the largest ETF can absorb demand even as the category as a whole remains under stress.
Traders Watch $60K Support And The Fed
Coinbase CEO Brian Armstrong added to the bottoming debate after saying Bitcoin may have found a floor near $60,000, while also cautioning that no one can know for sure. The comment matched the latest market structure: buyers defended the lower range, but Bitcoin still needs stronger follow-through before the rebound becomes more than a relief move.
The Federal Reserve meeting now becomes the next macro test. Traders are watching liquidity conditions, rate guidance, dollar strength and risk-asset appetite after several weeks of pressure from geopolitical headlines and cautious positioning.
For Bitcoin, the important signal is not just that IBIT bought the dip. It is that BlackRock added capital while broader ETF flows stayed negative and sentiment remained in extreme fear. If Bitcoin holds the $66,000 area and ETF outflows narrow, the market gets a cleaner base for recovery. If Grayscale-led redemptions continue and the Fed turns more hawkish than expected, the $60,000 support zone could return to focus quickly.
