BlackRock’s digital asset funds pulled in $15 billion in net inflows over the past twelve months through mid-July 2026. The assets under management still dropped 39%.
That’s not a typo. Investors kept pouring money in while the value of everything they bought kept shrinking. The culprit is straightforward: Bitcoin fell from roughly $97,000 earlier in 2026 to around $72,100, dragging AUM down even as fresh capital arrived at the door.
The IBIT paradox
BlackRock’s iShares Bitcoin Trust, better known as IBIT, remains the undisputed heavyweight of the US spot Bitcoin ETF market. The fund holds more than 765,000 BTC and at one recent point commanded approximately $49 billion in AUM.
Those are staggering numbers for a product that didn’t exist before January 2024.
