Unusual Volume
BlackRock IBIT Pulls $454 Million in Bitcoin ETF Surge as TCP Credit Fund CEO Departs
BlackRock, Inc. $BLK
$1,126.15+1.72%as of publication
- 5D Change
- -3.79%
- Volume
- 205
- vs Average
- 8.2×
- Market Cap
- $171.59B
Bitcoin spot ETFs recorded $730.9 million in net inflows on September 3, their strongest single trading session since mid-January and the third-largest daily inflow of 2026. BlackRock's iShares Bitcoin Trust, IBIT, captured roughly 62% of the total at approximately $454 million, with every fund in the complex rising nearly 6% on the day. Net assets across Bitcoin ETFs crossed $103 billion for the first time as Bitcoin surged past $82,000, with fading expectations for Federal Reserve rate hikes adding to the bullish backdrop.
In a separate development, Philip Tseng has resigned as CEO of BlackRock's TCP Capital private credit fund, with Jason Mehring named as his successor. Bloomberg described the TCP fund as troubled, and the leadership change signals a push to stabilize the vehicle as BlackRock's broader private credit ambitions remain in focus. Separately, BlackRock has been advocating for target-date fund allocations of 5% to 20% in private assets, reflecting the firm's wider push into alternative investments.
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Sources
- AshCryptoBREAKING : 🇺🇸 BlackRock and other ETFs bought $730.87 million worth of Bitcoin. That's the 3rd highest inflow of 2026. Institutional demand is back.
- cryptobriefing.comBlackRock clients purchase $454M worth of Bitcoin in a single transaction
- coindesk.comLive updates: Bitcoin ETFs take $731 million, their biggest day since January
- NasdaqBlackRock Wants 5% to 20% of Your Target-Date Fund in Private Assets
- blockonomi.comBitcoin Spot ETFs See Huge Inflows as BlackRock Takes Lead
- benzinga.comBitcoin Bulls Are Back? ETFs Pull Over $730 Million as BTC Surges Above $82,000 and Fed Rate-Hike Bets Fade
- crypto.newsU.S. Bitcoin ETFs draw $731 million in biggest inflow since January
- cryptonews.comBitcoin ETF News: BlackRock IBIT Captures 62% of Inflows