BlackRock Strengthens Its Bitcoin ETF With A Record Purchase Of 970 Million Dollars

BlackRock makes a big splash in the Bitcoin ETF market. On April 28, 2025, the asset manager invested nearly 1 billion dollars in bitcoin in its IBIT fund, thereby strengthening its leadership. This wave of institutional purchases could well propel BTC to new heights by the end of 2025.

Bitcoin ETF: BlackRock injects 970 million dollars into IBIT

The asset management giant BlackRock continues to dominate the Bitcoin ETF market with a spectacular operation! On April 28, its iShares Bitcoin Trust (IBIT) acquired 970 million dollars worth of BTC, marking its second largest day of purchases since January 2024.

This colossal transaction raises IBIT’s assets under management to more than 54 billion dollars, representing 51% of the spot Bitcoin ETF market share in the United States. In comparison, ARK Invest had a tough day, recording a net outflow of 226 million dollars from its ARKB ETF.

The Pillar of a Bull Market

According to analysts, these inflows provide structural support to bitcoin’s momentum. “Nearly 1 billion dollars to IBIT today… The second largest inflow since January. I remember when people said there was no demand“, commented Nate Geraci, president of ETF Store, on X.

Overall, spot Bitcoin ETFs garnered more than 3 billion dollars in net inflows last week — their second best weekly performance since launch. A key data point in the recent BTC rebound above 94,000 dollars, while retail investor interest remains moderate.

Moreover, the massive influx of institutional capital, notably via BlackRock’s IBIT Bitcoin ETF, could accelerate BTC’s bullish momentum. According to several analysts including Peter Chung, this structural support could drive bitcoin up to 210,000 dollars by the end of 2025, fueled by supply scarcity and growing adoption by large investors.

With record investments and growing institutional support, BlackRock is imposing a new dynamic on the bitcoin market. If this trend continues, BTC could reach historic highs! Meanwhile, IBIT could well become the number 1 global asset within the next 10 years, according to Michael Saylor.