BlackRock Bitcoin ETF (IBIT) continues to dominate US ETF inflows while scooping an additional 3975 Bitcoin worth $400 million

IBIT has been dominating the entire US Bitcoin ETF market single-handedly with $45.4 billion in inflows

BlackRock's flagship bitcoin ETF (IBIT) continues to be the only US ETF to see massive inflows, scooping an additional 3,975 bitcoin worth $410 million on Thursday. IBIT has been gobbling up the entire US bitcoin ETF market single-handedly, notching up $45.4 billion in inflows since inception. This reflects strong institutional demand for the product.

On the other hand, Fidelity’s FBTC saw $123 million in outflows, Ark Invest’s ARK saw $132 million of outflows, while Grayscale’s GBTC saw $32 million in outflows, according to data from Farside Investors.

According to crypto trader “Trader T,” institutional activity around IBIT has shown mixed signals during Q1 2025.

While the decrease in ownership percentage might raise concerns, preliminary data for Q2 suggests a potential recovery, as the trader noted:

“This is a follow-up to my previous post regarding the substantial decrease in institutional ownership of IBIT during Q1 2025, which I had originally shared.

However, to provide a broader perspective, I want to highlight that the number of institutional holders actually increased by 19%.

And based on current insights, Q2 is expected to show improvement—no cause for concern.”

At the same time, banking giant Goldman Sachs is the largest holder of IBIT at this moment.

Meanwhile, Abu Dhabi's sovereign wealth fund, Mubadala, has disclosed its ownership of 8,726,972 shares in BlackRock's IBIT, valued at $408.5 million.

This comes after the past month saw massive inflows into the ETF push its share price up by 22%.

Btc price eyes moves to all-time highs

Prominent crypto trader Captain Faibik highlighted Bitcoin's bullish momentum, noting that buyers remain firmly in control. He emphasized the need for clearing the key resistance level at $104.9K to confirm a breakout and open the door for a new all-time high (ATH).

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on Xoutput: handles technical analysis for Benzinga and covers topics that include blockchain, Web 3, and cryptocurrencies. He enjoys performing price target analysis and identifying potential trading signals for diverse cryptocurrencies.