BlackRock’s Bitcoin ETF Crashes Wall Street Party—$877M Haul Propels IBIT Into Elite Top 5

Wall Street’s latest golden child isn’t a blue-chip stock or bond fund—it’s BlackRock’s bitcoin bulldozer. IBIT just raked in $877 million in a single sweep, muscling its way into the US ETF top 5 like a crypto kid at a country club buffet.

The fund’s relentless ascent proves two things: institutional money’s still hungry for digital gold, and Larry Fink’s pivot from ’crypto skeptic’ to ETF king will make one hell of a Harvard case study. Meanwhile, traditional finance dinosaurs grumble about ’speculative mania’ between sips of $20 artisanal coffee.

Funny how $877 million inflows can make even the staunchest critics develop sudden ’blockchain curiosity.’

TLDR

• BlackRock’s iShares Bitcoin Trust IBIT recorded a $877 million inflow on May 22.
• IBIT has now crossed $47.5 billion in total inflows since its inception.
• The ETF currently holds 643,755 Bitcoins with total assets under management of $70.1 billion.
• IBIT saw a single-day trading volume of $4.2 billion, reaching a new all-time high of $63.23 per share.
• Blackstone and Goldman Sachs are among the major holders of IBIT shares.

BlackRock has recorded another major inflow milestone with its iShares Bitcoin Trust (IBIT) pulling in $877 million on May 22. This sharp increase pushed total year-to-date inflows beyond $9 billion, securing IBIT’s place among the top five US ETFs by inflows. BlackRock now holds over $70.1 billion in assets through IBIT, signaling a dominant position in the Bitcoin ETF market.

The fund’s rapid expansion continues. On Thursday, BlackRock added 7,860 Bitcoins in a single day, reaching 643,755.21320 BTC. This aggressive accumulation has firmly positioned BlackRock’s IBIT as the leading bitcoin ETF in the United States. Total inflows since inception have now reached $47.5 billion, setting new benchmarks for ETF performance.

Increased volume accompanied these inflows, with IBIT trading $4.2 billion on Thursday alone. The surge in demand has driven the Nasdaq-listed IBIT share to an all-time high of $63.23. BlackRock’s IBIT remains unmatched in scale, beating its closest peer, Fidelity’s FBTC, which holds just $11.8 million in inflows.

Institutional Interest Fuels BlackRock Dominance

BlackRock has attracted attention from major financial entities, including Goldman Sachs, which now holds a substantial IBIT stake. Adding to this momentum, Blackstone Investments disclosed a purchase of over $1 million of IBIT shares. The disclosure confirmed Blackstone holds 23,094 shares in its Alternative Multi-Strategy Fund (BTMIX), which manages $2.63 billion in assets.

This development reflects the growing institutional preference for BlackRock’s Bitcoin ETF, reinforcing its dominance in the market. Large asset managers favor IBIT as their vehicle for Bitcoin exposure. These strategic allocations demonstrate a shift toward regulated ETF instruments backed by well-established firms like BlackRock.

Such capital flows affirm confidence in IBIT and help propel its performance above rival funds. BlackRock’s consistent inflows ensure the ETF retains its position at the forefront of Bitcoin financial products. Institutions are now playing a larger role in the adoption of crypto-linked assets.

IBIT’s Growth Trajectory Suggests Potential Milestone Ahead

BlackRock’s aggressive acquisition strategy could soon position IBIT ahead of Satoshi Nakamoto’s estimated Bitcoin holdings. With 643,755 Bitcoins secured so far, IBIT is on track to challenge long-standing crypto benchmarks. This milestone could be reached by summer next year if current inflow levels continue.

Meanwhile, technical analysis points to further price gains for IBIT, supported by market momentum and continued institutional demand. The Elliott Wave model suggests that IBIT may climb to $80 in its next phase. This projection aligns with broader expectations for a potential new Bitcoin high in the coming months.

As inflows grow and trading volumes hit record levels, BlackRock’s ETF continues to outpace every other Bitcoin ETF in the US. The firm’s systematic approach and institutional backing support a strong long-term position in the crypto investment space. BlackRock’s IBIT now sets the pace for the entire Bitcoin ETF market.