BlackRock’s Bitcoin ETF saw $231.6 million in inflows after days of heavy outflows. The iShares Bitcoin Trust ETF had $548.7 million outflows during a turbulent week for Bitcoin, with prices dropping to $60,000. US-based spot Bitcoin ETFs had $330.7 million in inflows following $1.25 billion outflows in three days.

Bitcoin ETF flows are closely watched for clues about price direction and interest. IBIT had just 11 trading days of net inflows this year. Bitcoin is trading at $69,820, down 24.30% in the last 30 days. IBIT broke its daily volume record with $10 billion traded on Thursday.

Despite a 13% drop on Thursday, IBIT rebounded 9.92% on Friday, closing at $39.68. Before the downturn, spot Bitcoin ETF net inflows were $62.11 billion, now fallen to $55 billion. ETF analyst James Seyffart noted holders facing losses of around 42% since launch.

Bitcoin’s price is currently at $69,820, down 24.30% in the last 30 days. IBIT had a record daily volume of $10 billion traded on Thursday. It dropped 13% but rebounded 9.92% on Friday, closing at $39.68. Spot Bitcoin ETF net inflows fell from $62.11 billion to $55 billion.

Read more at Cointelegraph: BlackRock Bitcoin ETF Posts $231.6M Inflows After Turbulent Week For BTC