On August 20, iShares Bitcoin Trust rose 4.96% in regular trading, trading at $40.5399/share, with turnover of $829 million.

The rally comes amid a confluence of bullish signals. Most directly, Bitcoin spot ETFs recorded a single-day net inflow of $297.56 million on August 19, with BlackRock's IBIT alone attracting $160.23 million and Fidelity's FBTC adding $111.9 million. Total industry net inflows reached $2.12 billion, pushing combined ETF assets to $77.41 billion.

Underpinning the reversal, on-chain data shows Bitcoin whales accumulated approximately 43,000 BTC — worth roughly $2.75 billion — over the past 60 days after ending months of distribution. Spot demand is nearing its first positive reading since late February, a signal historically associated with an average 18% gain within 60 days.

Additionally, Q2 13F filings revealed institutional Bitcoin ETF holdings rose 7.5% to approximately 535,700 BTC even as prices fell 14.2%, with banks and quantitative funds driving the increase. Morgan Stanley boosted its IBIT position 23% to 16.5 million shares, while UBS dramatically expanded call option exposure.

The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)