BLACKROCK'S IBIT BITCOIN ETF DRAWS $665 MILLION INFLOW

Summary from the TLDR Crypto newsletter

IBIT took in $665.16M on Monday, its biggest day since October 7, 2025. US spot bitcoin ETFs netted $526.6M after outflows from Fidelity and Grayscale funds. Spot ether ETFs lost $103.3M, their fourth straight day of outflows. Bitcoin has been stuck in an $82,000 to $83,000 range amid fears of further rate hikes. A Presto Research analyst said investors could be positioning for a “catch-up trade,” though the exact driver is unclear. BlackRock also filed for an iShares Bitcoin Managed Protect ETF, which would offer downside protection plus upside exposure.