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Wall Street Doubles Down on Bitcoin as BlackRock ETF Pulls Ahead

By: cryptodnes bg|2025/05/12 15:30:10
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BlackRock’s spot Bitcoin ETF, IBIT, is emerging as the dominant player in the digital asset space, pulling in billions while competitors trail far behind. The fund has now posted 20 straight days of net inflows — an unmatched streak in 2025 — attracting over $5.1 billion during that stretch and helping push U.S. spot Bitcoin ETF holdings to a new high above $121 billion. Analysts attribute the surge to renewed interest from institutional giants, including hedge funds and asset managers reactivating arbitrage strategies. Bloomberg’s Eric Balchunas noted the disparity in flows, calling IBIT’s lead “unusual” in a field that typically sees more balanced inflows. Goldman Sachs is now IBIT’s largest disclosed shareholder, with 30.8 million shares valued at roughly $1.4 billion — a 28% increase from early 2025. The firm has also expanded its exposure to FBTC, the market’s second-largest BTC ETF, accumulating over $315 million in shares. The momentum comes amid a broader shift in Wall Street’s posture toward digital assets. Goldman, which only recently acknowledged crypto in its annual shareholder letter, now sees stablecoin regulation as a potential spark for deeper adoption. Its head of digital assets, Mathew McDermott, hinted that favorable laws could accelerate institutional involvement. Meanwhile, BlackRock has opened regulatory discussions with the SEC to explore crypto staking and ETF-based options. These talks align with a growing trend: traditional finance moving quickly to secure its stake in the next wave of crypto expansion.

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