BlackRock has once again made headlines in the Bitcoin ETF market. On April 28, 2025, its iShares Bitcoin Trust (IBIT) acquired approximately $970 million in Bitcoin in a single day. This transaction is the second-largest inflow ever for the ETF, trailing only behind the $1.12 billion inflow recorded last November.

BlackRock buys over $970 million worth of Bitcoin in a single day. Source: SoSoValue

With this purchase, BlackRock controls over 3% of Bitcoin’s total supply, solidifying its dominance in the Bitcoin ETF landscape.

BlackRock Bitcoin ETF: Market Dynamics and Institutional Interest

While BlackRock’s investment stands out, other U.S. Bitcoin ETFs have either reported stagnant or decreasing flows on the same date. This sharp contrast raises questions about BlackRock’s unique timing and strategy.

Many analysts suggest that these significant capital infusions provide essential structural support to Bitcoin’s price, helping stabilize it during uncertain market conditions.

“BlackRock’s Bitcoin ETF saw $970.9 million in inflows yesterday. This is their biggest day of inflows in the past 173 days.” — Wealth Mastery by Lark Davis @WealthMastery_

Samara Cohen recently expressed that institutional investors are significantly focusing on Bitcoin, perceiving it as a viable long-term investment rather than a speculative venture amid global economic uncertainty.

Bitcoin’s Price Stability Amid Market Movements

In a surprising twist, following this massive acquisition, Bitcoin’s price remained stable around $95,000, reflecting a growing maturity in the market dynamics.

Looking Forward

BlackRock’s aggressive buying strategy signals a strong commitment from institutional investors, which may lead to intensified competition within the Bitcoin ETF space. As multiple participants observe BlackRock’s moves, the cryptocurrency landscape is poised for rapid changes.