The post BlackRock IBIT ETF Acquires Over 25,000 Bitcoins in One Week – Coincu appeared on BitcoinEthereumNews.com.

Key Points: BlackRock’s IBIT ETF increases Bitcoin holdings by 25,430 BTC, $2.37 billion IBIT ETF now holds 601,209 bitcoins, valued at $56.11 billion Market reactions highlight growing institutional interest in Bitcoin investments BlackRock’s iShares Bitcoin Trust (IBIT) has increased its Bitcoin holdings by 25,430 BTC in the past seven days, valued at about $2.37 billion as of April 30, 2025. This move is significant as BlackRock’s IBIT ETF now holds 601,209 bitcoins, further solidifying its position in the crypto industry. BlackRock Acquires 25,430 BTC, Boosts Total to 601,209 BlackRock, the world’s largest asset manager, has made a substantial investment through its iShares Bitcoin Trust (IBIT) ETF. Adding 25,430 bitcoins valued at $2.37 billion over a week underscores institutional confidence in Bitcoin. The ETF now holds a total of 601,209 BTC, establishing it as a dominant player in the market. The market seems to respond positively to these accumulations. BlackRock now possesses approximately 2.86% of Bitcoin’s total supply, reflecting growing institutional adoption and signaling a potential shift in investment strategies. Such large acquisitions by a major entity often influence market dynamics and price trends. “Nearly $1bil into iShares Bitcoin ETF today… 2nd largest inflow since Jan 2024 inception. I still remember when there was ‘no demand’” (Source). Analysts like Ryan Lee from Bitget Research indicated that these inflows contribute to Bitcoin’s price recovery, currently trading above $94,000. Bitcoin’s $94,879 Surge Amid Institutional Confidence Did you know? Institutional involvement in Bitcoin has dramatically increased since 2024, with BlackRock’s iShares Bitcoin Trust gaining nearly 3% of all mined Bitcoins. According to data from CoinMarketCap, Bitcoin (BTC) is currently priced at $94,879.00. The cryptocurrency holds a market capitalization of $1.88 trillion and dominates 63.51% of the market. Its 24-hour trading volume reached $28.42 billion with a slight increase of 0.14% in the past day.…

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Filed under: News - @ May 1, 2025 3:24 am