The BlackRock Bitcoin ETF (IBIT) continues to dominate the U.S. crypto investment scene. On May 15, IBIT pulled in $410 million in daily inflows—outpacing all other U.S. Bitcoin ETFs combined. This surge signals strong and growing institutional confidence in Bitcoin.
IBIT Leads While Competitors See Outflows
While IBIT added 3,975 BTC to its holdings on Thursday, competitors stumbled:
- Fidelity’s FBTC saw $123 million in outflows
- Ark Invest’s ARKB lost $132 million
- Grayscale’s GBTC shed $32 million
IBIT’s cumulative inflows now stand at a staggering $45.4 billion since its launch. This unmatched performance solidifies BlackRock’s lead in the Bitcoin ETF race.
Institutional Interest Shows Mixed Signals
Despite IBIT’s strength, institutional data for Q1 2025 shows a complex picture:
- The number of institutional holders increased by 19%, showing wider adoption.
- However, the percentage of overall ownership fell to 25%, down from 30% in the previous quarter.
Crypto trader Trader T believes this dip may be temporary, with early Q2 data hinting at a rebound.
Notable Movements: Goldman Sachs and Mubadala
Institutional moves continue to make headlines:
- The Wisconsin Investment Board exited its $321 million IBIT position in Q1.
- Meanwhile, Goldman Sachs is now the largest holder of IBIT shares.
- Abu Dhabi’s Mubadala fund also revealed a stake of 8.7 million IBIT shares, valued at $408.5 million.
These shifts reflect ongoing rebalancing within the financial sector as crypto becomes increasingly mainstream.
Bitcoin Targets All-Time High
Alongside ETF inflows, Bitcoin price is up 2% and hovering near $104,000. Crypto analyst Captain Faibik highlighted strong bullish momentum, suggesting that breaking the $104.9K resistance could push Bitcoin to new all-time highs.
With buyers in control and institutional demand on the rise, the market is closely watching for the next breakout.
