BlackRock’s spot Bitcoin ETF now holds 631,962 BTC, worth approximately $65 billion. This highlights the asset manager’s dominance in the crypto ETF space. It also signals growing institutional trust in Bitcoin as a legitimate investment asset. Since its launch, BlackRock’s iShares Bitcoin Trust (IBIT) has attracted consistent inflows. These inflows

• BlackRock’s IBIT now holds 631,962 BTC, valued at $65 billion.
• The fund controls nearly 3% of Bitcoin’s total supply.

BlackRock’s spot Bitcoin ETF now holds 631,962 BTC, worth approximately $65 billion. This highlights the asset manager’s dominance in the crypto ETF space. It also signals growing institutional trust in Bitcoin as a legitimate investment asset.

Since its launch, BlackRock’s iShares Bitcoin Trust (IBIT) has attracted consistent inflows. These inflows have outpaced many rivals, including Grayscale, Ark Invest, and Fidelity. As a result, BlackRock now controls nearly 3% of Bitcoin’s total supply. This level of control reinforces the ETF’s impact on market sentiment and liquidity.

Bitcoin ETFs Dominate Inflows

On Friday, May 16, spot Bitcoin ETFs pulled in $260.27 million in net inflows. IBIT led the pack with $129.73 million. Fidelity’s FBTC followed with $67.95 million. Ark Invest’s ARKB drew $57.98 million, while Grayscale’s BTC Mini Fund added $4.61 million. Despite the strong day overall, several funds, including GBTC and BITB, saw no new inflows.

Meanwhile, spot Ethereum ETFs showed limited activity. Fidelity’s FETH led with $13.57 million, while Grayscale’s ETH Mini Fund followed with $8.55 million. Other Ethereum funds, such as those from VanEck and Bitwise, recorded zero inflows. The contrast in flows reflects a clear preference for Bitcoin among institutional investors.

All Bitcoin and Ethereum ETFs traded at slight premiums to their NAVs on Friday. IBIT, FBTC, and FETH showed premiums between +0.29% and +0.39%. Only Hashdex’s DEFI ETF traded at a discount, down -0.40%. This suggests continued investor confidence in leading ETF products.

BlackRock’s massive Bitcoin holdings strengthen its influence over the digital asset space. As more traditional investors seek exposure, the risk perception around Bitcoin continues to drop. Consequently, institutions like pension funds and hedge funds may increase their allocations.

Looking forward, IBIT could open the floodgates for traditional capital entering crypto. With $65 billion already under management, the trend shows no signs of slowing. As other asset managers follow BlackRock’s lead, institutional adoption may accelerate even further.

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