BlackRock’s iShares Bitcoin Trust (IBIT) spent much of 2026 bleeding money. Then, in a single week, it took enough back to push its year-to-date flows above zero again.

A year in the red, undone in a week

A recent stretch shows how quickly sentiment can sour. From late October to mid-November 2026, IBIT recorded net outflows of roughly $2.1 billion to $2.35 billion. That window included an 11-day run of consecutive outflow days that ended around November 13.