blackrock

BlackRock-Fidelity bought half billion dollars in Ethereum

Published

5 months ago

December 12, 2024

The two biggest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, bought over $500 million in Ether in the past two days.

According to Arkham Intelligence X’s post on Dec. 12, BlackRock and Fidelity acquired more than half of a billion dollars in Ethereum (ETH) in the past two days. This transaction was made through Coinbase Prime.

“PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH,”
Arkham mentioned on post

It also shows that the two ETF issuers are taking more action in their portfolio by acquiring more Ether after receiving approval from the Securities and Exchange Commission (SEC) in May.

iShares Ethereum Trust ETF (ETHA) from BlackRock is the largest issuer, with a total inflow of up to $2.93 billion. Along with Fidelity, this crypto-product has received inflow up to 8 days in a row.

Fidelity Ethereum Fund (FETH) is the second-largest issuer, with a total inflow of up to $1.35 billion. The biggest inflow happens on Dec. 10 with $202 million.

BlackRock move on Ethereum

Recently, BlackRock has been planning to start Ether ETF spot trading options by filling in the commission. ETHA, as the only ETF listed on the Nasdaq exchange, asked the regulator to allow these trading options.

This decision will likely be announced by the SEC in April 2025, while other expert says they also need any other regulators’ approval to launch spot trading options, including the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).

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ARK Invest

BlackRock’s Bitcoin ETF Sees $643 Million Inflows

Published

15 hours ago

April 27, 2025

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BlackRock’s flagship Bitcoin ETF attracted $643.16 million in net inflows on April 23, marking its strongest single-day performance since January 21. The substantial inflow comes as bitcoin continues its upward momentum, trading above $92,000 following positive signals from the Trump administration regarding U.S.-China trade relations.

IBIT’s impressive showing contributed to a broader surge in Bitcoin ETF activity, with total spot Bitcoin ETF inflows reaching $916.91 million on Wednesday. This marks the fourth consecutive day of positive flows for U.S.-listed Bitcoin ETFs, bringing the week’s total inflows to approximately $2.23 billion.

ARK 21Shares Bitcoin ETF (ARKB) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) also saw significant interest, recording inflows of $129.5 million and $124.4 million respectively. The strong performance across multiple funds suggests growing institutional conviction in bitcoin as an investment asset.

The surge in ETF interest coincides with bitcoin’s break above $90,000, fueled by President Trump’s hints at reducing Chinese import tariffs and confirmation that Federal Reserve Chairman Jerome Powell will remain in his position. The new SEC Chairman Paul Atkins’ pro-bitcoin and crypto stance has further bolstered market sentiment.

Since their January launch, U.S. spot Bitcoin ETFs have accumulated net inflows of over $37 billion, with total assets under management reaching $106.39 billion. BlackRock’s IBIT leads the pack, managing approximately $53.77 billion in net assets and recently winning “Best New ETF” at the annual etf.com awards.

The recent streak of positive flows marks a significant shift from early April’s outflows, suggesting renewed institutional confidence in bitcoin as both a strategic asset and inflation hedge. The trend appears supported by broader market dynamics, including a weakening U.S. dollar and expectations of Federal Reserve rate cuts in mid-2025.

However, market observers note that ongoing trade policy uncertainties and inflation concerns could still impact bitcoin’s trajectory. Investors continue to monitor ETF flows and macroeconomic developments as indicators of sustained institutional adoption.

At press time, Bitcoin trades at $92,840, maintaining its position above key psychological levels as institutional investment continues through regulated ETF vehicles.

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blackrock

BlackRock Bitcoin ETF To Become World’s Largest, Bitcoin Price Surges Above $95,000

Published

2 days ago

April 25, 2025

admin

BlackRock’s iShares Bitcoin Trust (IBIT) will become the world’s largest ETF within 10 years, Strategy Chairman Michael Saylor predicted at the Bitcoin Standard Corporations Investor Day in New York. The bold forecast comes as U.S. spot Bitcoin ETFs recorded $442 million in net inflows on Thursday, pushing Bitcoin above $95,000.

IBIT, which currently manages $54.2 billion in assets, would need to surpass the Vanguard S&P 500 ETF (VOO), which holds approximately $573.5 billion. BlackRock’s ETF has demonstrated remarkable momentum, accumulating $1.16 billion in Bitcoin purchases over just three days: $193.5 million on April 22, $643.2 million on April 23, and $327.3 million on April 24.

“IBIT will be the biggest ETF in the world in ten years,” Saylor said during his presentation. The ETF has already shown unprecedented growth, reaching $10 billion in assets within seven weeks of its January launch – the fastest growth rate for any ETF in history.

Bloomberg ETF analyst Eric Balchunas acknowledged the possibility but emphasized the extraordinary circumstances required. it’s poss also if IBIT starts taking in more cash than VOO but as it stands that would mean taking in well north of $1b/day, like $3b or $4b/day if it hopes to gain ground,” Balchunas noted.

The surge in ETF interest coincides with Bitcoin’s break above $95,000, supported by multiple factors including President Trump’s signals on reducing Chinese import tariffs, new SEC Chairman Paul Atkins’ pro-crypto stance, and expectations of Federal Reserve rate cuts in mid-2025.

U.S. spot Bitcoin ETFs have now accumulated over $37 billion in total net inflows since their January launch, with combined assets under management exceeding $100 billion. IBIT leads the pack, recently winning “Best New ETF” at the etf.com awards.

At press time, Bitcoin maintains strength above key psychological levels as institutional investment continues through regulated ETF vehicles, with BlackRock’s aggressive accumulation strategy suggesting growing confidence in the asset class.

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Bitcoin

BlackRock’s Bitcoin ETF IBIT Hit $4.2 Billion In Trading Volume As Bitcoin Price Surpasses $91,000

Published

5 days ago

April 23, 2025

admin

BlackRock’s spot Bitcoin ETF, IBIT, recorded a massive $4.2 billion in trading volume today as the price of Bitcoin soared above $91,000 for the first time since early March. According to data from Barchart, IBIT traded a staggering 81,098,938 shares, ending the trading session at a price of $52.08.

The surge in ETF activity comes on the same day Bitcoin climbed to $91,739, according to Bitbo. This marks the highest price level since April 8, when Bitcoin hit a low of $75,603. The strong upward momentum signals renewed buying pressure in the market, particularly from institutional investment products like spot ETFs.

Fidelity’s spot Bitcoin ETF, FBTC, also saw significant trading activity, with $425.17 million in volume. Meanwhile, Grayscale’s GBTC posted $250.91 million, Ark Invest’s ETF recorded $170 million, and Bitwise’s fund traded $120 million over the day.

Earlier in the day, BlackRock’s IBIT also reached an all-time high when measured against the Nasdaq index, a noteworthy milestone indicating the growing strength and investor confidence in the fund and Bitcoin.

High-volume trading days such as this where the price of BTC surges up often reflects strong inflows. However, the official figures for net inflows and outflows for today’s ETF activity will not be available until later this evening as the wealth managers publicize them.

As Bitcoin’s price continues to trend upward and ETF products show strong trading volumes, the market is now being shaped not just by investor speculation, but also by fundamental demand from corporate and institutional buyers. The impact of regulated financial products like spot ETFs is being amplified by a growing wave of corporate adoption.

In addition to institutional interest via ETFs, public companies are increasingly turning to Bitcoin as a reserve asset. Michael Saylor’s Strategy has continued to aggressively acquire BTC, most recently announcing the purchase of 6,556 more coins. Semler Scientific has also joined the trend, reaching over 1,100 BTC in holdings and recently filing to raise another $500 million to buy more. GameStop is preparing to enter the market as well, having raised $1.5 billion for a Bitcoin treasury strategy dubbed “Project Rocket.” These corporate moves are injecting additional demand into the market, further contributing to upward price momentum.

Together, the surge in ETF activity and rising corporate adoption appear to be forming a powerful feedback loop, helping to push Bitcoin’s price to new highs. While final inflow data for today’s ETF trading will arrive later this evening, the combined impact of institutional buying and balance sheet strategies from publicly traded companies is reinforcing Bitcoin’s status as both an investment asset and a long-term store of value.

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