BlackRock Currently Possesses More Than 3% of Bitcoin Circulating supply Via ETF
BlackRock has once again asserted its dominance in the Bitcoin ETF arena. On April 28, 2025, its iShares Bitcoin Trust (IBIT) discreetly acquired an astounding $970 million in Bitcoin within a single day.
This marks the second-largest inflow in the fund’s history, trailing only the impressive $1.12 billion influx it garnered last November. This move elevates BlackRock’s crypto market share domination to surpass 50% within Bitcoin ETFs.
Following this acquisition, IBIT now possesses over $56 billion in assets. To provide context, this exceeds 3% of Bitcoin’s entire token supply. A single fund operated by the leading asset manager in the world holds enough Bitcoin to turn heads even among seasoned crypto enthusiasts.
BlackRock BTC ETF: Market Dynamics and Institutional Interest
While BlackRock was amassing assets, the majority of other U.S. spot BTC ETFs experienced either stagnant flows or even withdrawals on that same day. This stark contrast raises the question: what insights does BlackRock possess that others might overlook?
Analysts suggest that the crux of the matter lies in timing and strategy. Significant acquisitions like this are perceived as providing foundational support for BTC. When a key player like BlackRock takes action, it aids in establishing a support. Such stability is invaluable for investors in a notoriously volatile trading market.
BlackRock’s BTC ETF saw $970.9 million in inflows yesterday
This is their biggest day of inflows in the past 173 days. pic.twitter.com/Kuqo2uzk1H
— Wealth Mastery by Lark Davis (@WealthMastery_) April 29, 2025
Samara Cohen, BlackRock’s CIO of ETF and Index Investments, recently remarked that the majority of institutional clients are currently fixated on Bitcoin. This trend is logical. As markets wrestle with uncertainty around interest rates, inflation, and global tensions, BTC increasingly appears to be a long-term investment rather than merely a speculative gamble.
Bitcoin’s Price Stability Amid Trading market Movements
Interestingly, despite BlackRock’s multi-million dollar acquisition, BTC did not surge immediately. Instead, it maintained a stable position around $95,000. That kind of steadiness following a substantial purchase indicates the evolving maturity of the trading market.
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Simultaneously, other leading cryptocurrencies such as ETH and Cardano also experienced positive movements. The broader market displays signs of renewed confidence, although celebrations may still be premature.
Looking Forward
BlackRock’s recent activity is not merely a show of strength; it indicates that institutional investors are committed to Bitcoin and are intensifying their positions as others hesitate. The occurrence of this while competing ETFs remained stagnant or faced withdrawals is particularly noteworthy.
Whether you’re a dedicated holder or simply observing from afar, one thing is evident: the race for BTC ETFs is intensifying, with BlackRock at the forefront. The pressing question now becomes who will emerge next and how swiftly the landscape will evolve.
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Key Takeaways
- BlackRock’s iShares BTC Trust (IBIT) acquired $970M in Bitcoin on April 28, boosting its total assets to over $56B, which is more than 3% of Bitcoin’s total token supply.
- This inflow represents the second-largest for IBIT, underscoring sustained institutional confidence in Bitcoin.
- As other U.S. Bitcoin ETFs reported flat or negative flows, BlackRock’s acquisition emerged as a marked show of confidence amidst crypto market market fluctuation.
- Even with the significant purchase, Bitcoin’s price held steady around $95K, signaling increased trading market stability.
- BlackRock’s proactive accumulation solidifies its position as a key player in BTC ETFs, setting a precedent for other institutional investors.
The post BlackRock Now Holds Over 3% of BTC Token supply Through ETF appeared first on 99Bitcoins.
