BlackRock’s iShares Bitcoin Trust (IBIT) has cemented its position as Wall Street’s hottest ETF product, recording $356 million in daily inflows to extend its unprecedented 16-day accumulation streak. This brings total 2025 inflows to $7 billion as institutional investors flood into cryptocurrency markets.
IBIT Dominates ETF Landscape
The world’s largest asset manager now holds 620,000 BTC ($58.3B) in its ETF vaults – more than MicroStrategy’s legendary stockpile. Recent SEC filings reveal hedge funds like D.E. Shaw have tripled their IBIT positions, with the ETF seeing net positive flows every trading day since April 22.
Key metrics show IBIT’s market dominance:
- 16 consecutive days of inflows through May 7
- $4.7B accumulated since early April
- 110% price growth projected for 2025
Bitcoin Price Reacts to Institutional Demand
BTC surged 7.2% last week to $97,000 as IBIT’s inflows coincided with Federal Reserve bond-buying programs. The cryptocurrency has regained 92% of its value from Q1 2025 lows, with analysts at Bloomberg Intelligence predicting $120,000 targets if inflow trends continue.
Notably, BlackRock’s crypto vehicle now outpaces traditional safe havens:
| ETF | 2025 Inflows |
|---|---|
| iShares Bitcoin Trust (IBIT) | $7B |
| SPDR Gold Shares (GLD) | $6.1B |
Wall Street Embraces Crypto Exposure
The ETF Store President Nate Geraci noted IBIT’s $970 million single-day inflow on April 29 marked the second-largest since launch, telling CoinDesk: ‘This demolishes the narrative about lack of institutional demand.’ Bloomberg’s Eric Balchunas added that Bitcoin ETFs are following the predicted ‘two-steps-forward’ adoption pattern.
Major financial institutions are now using IBIT for:
- Portfolio diversification
- Inflation hedging
- Blockchain infrastructure bets
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The sustained ETF demand has created a supply crunch, with analysts estimating 8x more BTC being acquired daily through funds than mined. This institutional buying pressure could propel Bitcoin to new all-time highs as halving-induced scarcity meets Wall Street’s growing appetite for digital gold exposure.
