Key Points
- BlackRock’s iShares Bitcoin Trust (IBIT) has bought over 11,000 Bitcoins this week.
- The Bitcoin ETF has seen its highest-ever daily trading volume, reflecting growing investor interest.
BlackRock’s iShares Bitcoin Trust (IBIT) has made significant acquisitions this week, purchasing an additional 1,478 Bitcoin (BTC) on Thursday. This brings their weekly total to over 11,000 BTC.
The Trust also recorded its highest-ever daily trading volume on Thursday, reaching $6.8 billion. This represents a 220% increase from the previous day and underscores the rising investor interest in Bitcoin ETFs.
Increasing Inflows
The inflows into BlackRock’s IBIT have soared, exceeding $39.5 billion. The total assets under management now stand at $59.8 billion.
Nate Geraci, President of ETF Store, has pointed out a significant increase in spot Bitcoin ETFs, which have quietly drawn in $3.7 billion in inflows over the past six days.
In response to this strong market demand, asset managers have begun to launch innovative products. For instance, Calamos Investments launched the “Protected Bitcoin ETF” earlier this week. This ETF offers a 100% money-back guarantee if Bitcoin falls by 50%, although it also caps potential gains at a maximum of 11.5%.
Despite a slow start to the year, inflows into spot Bitcoin ETFs have resumed. As of the start of 2025, the net inflows have turned positive by $4 billion.
Bitcoin Price Trends
The price of Bitcoin has once again risen by over 3%, surpassing $105,411. Its market cap is currently $2.088 trillion.
Bitcoin’s price has remained within the $101K-$106K range, facing strong resistance at the upper boundary. If it manages to cross $106K, it could pave the way for a rally to new all-time highs above $110K.
Crypto analyst Rekt Capital noted that Bitcoin has successfully retested the Range Low of $101k, forming a Higher Low in the downside wicks. Bitcoin has since bounced back up to the Range High and is once again in contention for a potential Daily Close above the resistance.
Analyst Ali Martinez has observed that the Accumulation Trend Score for Bitcoin is nearing 0. This suggests that large entities or a significant portion of the network are either distributing their holdings or not accumulating Bitcoin at the moment.
