Bitcoin held near $78,000. BlackRock is still carrying the demand.
Sticky inflation did not stop spot Bitcoin ETF money from coming in. The buyer is named.
CryptoVibe Desk · bitcoin · etfs · blackrock
- →Bitcoin traded near $78,000 after hitting $79,251.60 on Aug. 26, according to CryptoSlate.
- →Farside showed $314.3 million of spot Bitcoin ETF inflows on Aug. 25, with IBIT taking most of it.
- →The number to watch before September is whether IBIT keeps taking more than half of daily ETF inflows.
- spot Bitcoin ETF → A fund that holds Bitcoin directly and lets investors buy shares through regular brokerage accounts.
- PCE inflation → The Fed's preferred inflation measure, based on what people pay for goods and services.
- IBIT → IBIT is BlackRock's spot Bitcoin ETF.
Bitcoin held near $78,000 after Wednesday's push.
CryptoSlate reported an Aug. 26 intraday high of $79,251.60. The cleaner number came from fund flows. Farside showed $314.3 million of spot Bitcoin ETF net inflows on Aug. 25.
BlackRock's IBIT took $284.4 million of that total, per Farside. That means one fund carried most of the day. The tape matches the story: institutional demand is still showing up while macro looks less friendly.
The BEA said July PCE inflation ran at 3.7% year over year. Core PCE was 3.3%. Both sit above the Fed's target, which keeps the rate-cut story under pressure.
If you're holding Bitcoin for ETF demand, your bag is not being carried by a broad wave today. It is being carried by BlackRock flows. That matters because single-buyer strength can look solid until it stops.
The narrow read is bullish, for now. Price held near $78,000 while ETF cash came in and inflation stayed sticky. The number to watch is IBIT's share of daily inflows, not the headline Bitcoin print.
BlackRock's choice to keep absorbing most spot Bitcoin ETF inflows makes IBIT the real price-support story today. The broader fund complex is not carrying equal weight.
Before the September Fed meeting, watch whether IBIT takes more than 50% of spot Bitcoin ETF daily inflows on at least three more trading days.
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