BlackRock ETF- IBIT ETF Captures Majority Market Share Among U.S. Spot Bitcoin Funds
BlackRock ETF– BlackRock’s iShares Bitcoin Trust (IBIT) is approaching a major milestone, with $69.7 billion in assets under management (AUM). This figure accounts for over 3.25% of the total Bitcoin supply, underscoring rising institutional interest—even as retail inflows appear to slow.
According to Dune Analytics, BlackRock’s IBIT now controls 54.7% of the U.S. spot Bitcoin ETF market. Collectively, these ETFs hold 6.12% of all Bitcoin in circulation. IBIT has also ascended into the top 25 ETFs globally by AUM, becoming the 23rd largest ETF worldwide, per data from VettaFi.
Institutional Inflows Continue, But Retail Participation Declines
The rapid growth comes amidst eight consecutive days of net inflows into U.S. Bitcoin ETFs, with $388 million added on Wednesday alone, according to Farside Investors. However, analysts are noting a divergence: while institutional activity accelerates, retail interest seems to be fading.
A breakout may need a new catalyst or sentiment shift.
High-Value Transactions Now Dominate Bitcoin Network
Glassnode reports show a shift toward large-value transfers, with transactions over $100,000 making up 89% of all Bitcoin activity. The average transaction size is now $36,200, highlighting dominance by large investors.
Meanwhile, CryptoQuant data reveals a decline in new entrants: short-term holder supply has dropped by over 800,000 BTC since May 27. If demand continues to wane, analysts suggest that Bitcoin may find support near the $92,000 on-chain realized price level.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
