BlackRock’s Bitcoin ETF Shatters Records, Signaling Institutional Dominance

In a landmark development for the cryptocurrency sector, BlackRock's iShares Bitcoin Trust (IBIT) has ascended to become the most profitable exchange-traded fund (ETF) within the firm's entire portfolio, underscoring a seismic shift in institutional adoption. Launched in January 2024, IBIT achieved a staggering $70 billion in assets under management (AUM) in just 341 days, setting an unprecedented record as the fastest-growing ETF in financial history. As of the latest data, the fund commands $70.7 billion in net assets. Its success is not merely in scale but in profitability; with a management fee of 0.25%, IBIT is projected to generate approximately $245 million in annual fees by October 2025. This performance eclipses all other offerings from the world's largest asset manager, highlighting Bitcoin's transition from a speculative digital asset to a cornerstone of mainstream investment portfolios. The explosive growth of IBIT serves as a powerful testament to overwhelming institutional and retail demand for regulated, accessible Bitcoin exposure. It validates the cryptocurrency's role as a legitimate store of value and a critical diversifier in modern finance. This milestone is expected to catalyze further product innovation, competitive fee structures, and intensified capital inflows into the digital asset ecosystem, reinforcing a robust bullish outlook for Bitcoin's long-term valuation and integration into global financial systems.

BlackRock’s Bitcoin ETF Emerges as Top Revenue Generator

BlackRock's iShares Bitcoin Trust (IBIT) has surpassed all other ETFs in the firm's expansive portfolio to become its most profitable product. Launched in January 2024, IBIT amassed $70 billion in assets within 341 days—setting a record as the fastest-growing ETF in history. The fund now commands $70.7 billion in net assets and is projected to generate $245 million in annual fees by October 2025.

The ETF's 0.25% management fee structure outperforms BlackRock's traditional index funds, including its S&P 500 tracker, despite holding fewer assets. With over $52 billion in net inflows during its debut year, IBIT now controls more than 3% of Bitcoin's total circulating supply—a staggering institutional foothold in the cryptocurrency market.

Cristiano Castro, BlackRock's Brazil business development director, revealed the milestone at São Paulo's Blockchain Conference, calling the adoption curve "a big surprise." The achievement underscores Wall Street's accelerating embrace of crypto assets, even among firms managing $13.4 trillion in traditional assets.

Kazakhstan’s Central Bank Plans $300 Million Crypto Investment From Gold Reserves

Kazakhstan’s central bank is allocating $300 million from its Gold and foreign exchange reserves to cryptocurrency investments, marking a strategic diversification move. National Bank Chairman Timur Suleimenov confirmed the establishment of a dedicated crypto reserve within the bank’s alternative investment portfolio during a November 28 briefing.

The investment approach remains cautious amid Bitcoin’s 17% drop to $81,000 in November, which erased over $500 billion from global crypto markets. "We need to let the dust settle before making investment decisions," Suleimenov stated, emphasizing a phased deployment starting with $50 million and potentially scaling to the full amount based on market conditions.

Bitcoin Rebounds as $8B in Short Liquidations Loom Over $100K

Bitcoin has staged a notable recovery, climbing back above $91,000 amid signs of shifting market sentiment. The cryptocurrency now trades at $91,362.03, marking a 1.12% gain over the past 24 hours as buyers cautiously re-enter the market.

Nearly $8 billion in short positions face liquidation risks if bitcoin surpasses the $100,000 threshold. CoinGlass data reveals mounting liquidity pressure that could fuel a violent upside breakout, with clustered liquidations acting as potential rocket fuel for the next leg up.

Technical indicators suggest strengthening momentum. The Relative Strength Index has emerged from oversold territory while trading volumes show steady accumulation. Bitcoin's ability to maintain support above $91,000 establishes a foundation for potential moves toward the $94,000-$96,000 resistance zone.

Bitcoin Tests Key Resistance Amid Bearish Technical Setup

Bitcoin's rebound stalls at a critical $91K–$93K resistance zone, with declining trendlines and moving averages reinforcing bearish pressure. The asset faces stiff overhead supply, particularly NEAR the 100-day and 200-day moving averages, which continue to slope downward. Despite aggressive buying near the $80K–$83K demand zone, momentum falters at higher levels.

The $103K–$106K range remains the litmus test for a trend reversal—only a decisive break above this confluence of supply and prior breakdown structure WOULD signal sustained bullish momentum. For now, the market lacks conviction for an upside breakout, as repeated rejections at current levels suggest lingering seller dominance.

Bitcoin Plunges Below $86K Amid Worst November Since 2018

Bitcoin's bearish momentum intensified as it breached the $86,000 support level, marking a 6% drop and triggering over $575 million in liquidations. Long positions accounted for nearly 90% of the carnage—a sign of overleveraged bulls caught in the downdraft.

The selloff coincides with tightening global liquidity. Japan’s central bank hinted at rate hikes, threatening the yen carry trade that has fueled risk assets. November’s 22% decline was Bitcoin’s worst monthly performance since 2018.

Amid the rout, Bitcoin Hyper’s presale defies gravity, raising $28.8 million. Savvy investors see it as a hedge against BTC’s volatility—proof that capital still seeks crypto exposure, just in different forms.

Strategy CEO Outlines Contingency Plan for Bitcoin Holdings

Von Lee, CEO of U.S.-listed Strategy, clarified on November 29 that any potential Bitcoin sales would only occur under two strict conditions: if the company's share price falls below net asset value and access to capital markets evaporates. The statement, delivered via Twitter, emphasized these sales would be a last resort—not part of normal operations.

Strategy's business model hinges on maintaining a share price premium to fund Bitcoin acquisitions through equity issuance. Lee's comments aimed to reassure investors of the firm's commitment to its Bitcoin accumulation strategy, which has attracted retail followers mirroring its approach.

The company recently rebranded to reflect its Bitcoin-centric focus, signaling a strategic pivot. Market observers note this mirrors a broader trend of institutional players formalizing crypto holdings as reserve assets.