Wall Street closes at a record for the first time since end of January
BlackRock’s Bitcoin ETF (IBIT) grabbed $269.3 million in one day and broke a 5-week record. Meanwhile, the price of BTC has been rising recently. Find out all the details here.
Investors wanting more Bitcoin exposure have been on the rise this week as BlackRock recorded its strongest single-day inflow in over a month. Notably, the iShares Bitcoin Trust ETF (IBIT) experienced a $269.3 million single-day inflow, its best one-day inflow since early March. This development came as tensions between Iran and the United States began to ease and the value of BTC saw slight gains again.
A Big Day for BlackRock’s IBIT
According to data from Farside Investors, investors have put $269.3 million into the BlackRock IBIT on April 9, 2026. This marks its best performance since early March and has also reversed a two-day pattern of outflows that the Bitcoin ETFs experienced. In fact, the broader ETF market recorded a net inflow of $358.1 million that day.
BlackRock has been the greatest contributor to this momentum, but there has been activity from the rest of the field as well. On this day, the second greatest contributor was the Wise Origin Bitcoin Fund from Fidelity with an inflow of $53.3 million. Not only that, the Morgan Stanley Bitcoin Trust had an inflow of $14.9 million during its second day of trading.
All of these funds seeing big inflows in a single day is a good sign, as it means that demand is not concentrated for a single issuer. Plus, a rise in ETF inflows suggests that market sentiment is improving for BTC.
Price Action Supports the Narrative, Technicals Do Not
Amid all this movement, the value of BTC has also been rising. CoinMarketCap points to BTC soaring from around $66,750 to over $71,600 in the past week alone. This is over a 5% increase for this crypto in just a few short days. Plus, BTC even soared past the $72,000 level at one point. This increase came as a result of the Iran-United States two-week ceasefire announcement.
However, the technical indicators are painting a more nuanced picture. For example, Investing.com data shows that the MACD (12,26) indicator is in the buy zone with a value of 76. This indicates that the 12-day EMA is well above the 26-day EMA, suggesting strong bullish momentum for BTC.
On the other hand, its ultimate oscillator has a value of 39, which suggests that buying pressure is weakening. Furthermore, the 13-day bull/bear power indicator has a value of -384, which suggests sellers are actively driving the price below the 13-day EMA. These factors combined show that there is a bearish divergence for BTC and indicate a weakening uptrend.
Here’s What to Expect
With $269.3 million added in a single day, BlackRock has set a new five-week record. This has helped drive broader ETF inflows back into green territory. These ETF flows will be a key thing to watch as geopolitical tensions cool off and BTC attempts to maintain bullish momentum. In the coming weeks, these factors will determine whether BTC can pass the $73,000 resistance level. If it fails, it could dip to the support level of $70,500 which is its 50-day EMA.