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BlackRock Accelerates Bitcoin Acquisitions, Buoyed by Soaring Spot ETF Demand
BlackRock, the world’s largest asset manager, has significantly stepped up its Bitcoin buying spree in response to robust inflows into its spot Bitcoin ETF, IBIT. Recent data from blockchain analytics firm Arkham reveals that BlackRock purchased an additional $416 million in Bitcoin—equivalent to about 3,478 BTC—extending an aggressive month-long accumulation phase. This follows a $216 million Bitcoin purchase the previous week, reinforcing BlackRock’s strategic focus on cryptocurrency investments.
Currently, the asset management giant holds an impressive 716,500 BTC, valued at approximately $85.4 billion at prevailing prices. This staggering amount represents nearly 3.6% of the total circulating Bitcoin supply, cementing BlackRock’s place among the largest institutional Bitcoin holders worldwide.
Record Inflows Position IBIT as a Market Leader
The surge in BlackRock’s Bitcoin holdings aligns with a notable uptick in U.S.-listed spot Bitcoin ETF inflows. According to SoSoValue, spot BTC ETFs experienced a combined daily inflow of $799.4 million, with IBIT commanding the lion’s share at around $764 million. These figures extend the winning streak for spot Bitcoin ETFs to ten consecutive days, underlining investor confidence and growing institutional interest in digital assets.
Bitcoin’s persistent rally, which recently saw prices breach the $123,000 mark, has been largely propelled by these consistent institutional inflows into crypto ETFs. By attracting steady capital from institutional investors—unlike previous cycles driven largely by retail speculation—spot Bitcoin ETFs are providing the market with more resilient upward momentum.
Record-Breaking Crypto ETF Performance Drives Bullish Outlook
Since April, spot Bitcoin and Ethereum ETFs have led global charts, attracting an unprecedented $20 billion in capital—outperforming all other ETF categories. Analysts widely attribute the current bullish wave in the Bitcoin market to these historic institutional inflows, which are establishing a strong foundation for further price growth.
Market observers remain optimistic that this positive trend will continue, bolstering bold Bitcoin price predictions. Some analysts speculate that, should the ETF inflows persist, Bitcoin could achieve the $200,000 milestone by the end of the year. As of the latest data, Bitcoin trades just above $118,620, marking a 1% increase over the previous day—a testament to the strengthening interest from both institutional and retail investors.
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