BlackRock's IBIT adds $1.08B in Bitcoin while GBTC records net selling

BlackRock's $IBIT has reportedly accumulated approximately $1.08 billion of $BTC over the past 20 days, according to Arkham data.
Positive flows occurred on seven of those 20 days. Over the same period, Grayscale's $GBTC recorded approximately $254.7 million of net selling.
The divergence highlights continued rotation within the U.S. spot Bitcoin ETF market. Strong IBIT accumulation provides a meaningful source of institutional Bitcoin demand even as competing products experience redemptions.