BlackRock bought more Bitcoin (BTC) than any other exchange-traded fund (ETF) last week, with its iShares Bitcoin Trust (IBIT) recording around $612 million in net inflows. The surge underscores the asset manager’s continued dominance in institutional demand for Bitcoin exposure, with the fund accounting for the bulk of ETF-driven buying activity during the period. However, despite the renewed appetite, IBIT holders are still down approximately $12 billion in unrealized losses, with the average purchase price hovering near $89,000 according to fresh Arkham metrics, well above current market levels of nearly $71,000. IBIT unrealized losses