BlackRock Bitcoin ETF Secures $410 Million Inflows Amid BTC Price Surge
BlackRock Bitcoin ETF (IBIT) Highlights
- IBIT attracted $410 million in inflows on Thursday, acquiring an additional 3,975 Bitcoin.
- Total inflows since inception amount to $45.4 billion, indicating strong institutional interest.
- In contrast, Fidelity’s FBTC experienced $123 million in outflows, Ark Invest’s ARK saw $132 million outflows, and Grayscale’s GBTC had $32 million outflows.
Institutional Activity Insights
- The number of institutional holders increased by 19% in Q1 2025.
- Overall institutional ownership decreased to 25%, down from 30% in the previous quarter.
- The Wisconsin Investment Board liquidated its holdings in IBIT worth approximately $321 million.
- Goldman Sachs is currently the largest holder of IBIT.
- Mubadala owns 8,726,972 shares in IBIT, valued at $408.5 million.
- IBIT share price has risen by 22% over the past month.
Bitcoin Price Movement
- BTC price increased by 2%, approaching a potential breakout above $104K.
- Clearing the resistance level at $104.9K is crucial for confirming a new all-time high.