🟠Investment giant BlackRock continues to aggressively increase its Bitcoin holdings. On April 28, the company acquired nearly $1 billion worth of cryptocurrency through its iShares Bitcoin Trust (IBIT). This marked the second-largest inflow since the fund’s launch and significantly impacted the overall balance of U.S. spot Bitcoin ETFs, despite outflows from other funds.
🟠Amid such strong interest, IBIT has solidified its leadership, capturing 51% of the market and becoming the 33rd largest ETF in the world. These large-scale inflows have provided structural support for Bitcoin’s price rally, which is now experiencing its strongest weekly surge since Trump’s victory — once again highlighting the influence of ETFs on the market.