BlackRock ramps up Bitcoin purchases amid sustained ETF inflows

The asset manager is on an accumulation streak, topping up its holdings as its BTC-tracking exchange-traded fund thrives.

BlackRock has purchased another $416 million of Bitcoin, according to data from the blockchain intelligence platform Arkham. The buy, estimated to be around 3,478 BTC based on prices at the time of acquisition, continues a month-long accumulation streak that included a $216 million addition just over a week ago.

The latest move lifts the firm’s giant portfolio to approximately 716,500 BTC, worth roughly $85.4 billion at current prices. This translates to 3.6% of the entire circulating Bitcoin supply, making BlackRock one of the largest holders globally. 

BlackRock’s aggressive accumulation comes as demand for IBIT continues to grow, leading the broader U.S.-listed spot BTC ETFs in daily inflows. In the latest, the ETFs recorded a combined $799.4 million, per SoSoValue data.

Once again dominated by IBIT with a lion’s share of approximately $764 million, the inflows extended the funds’ winning streak to ten days. The surge in demand comes as Bitcoin itself reaches new highs, recently breaking above $123,000 during the latest market rally.

The streak of wins has positioned the funds as the best-performing in recent months, topping global charts since April alongside their Ethereum counterparts. These spot crypto ETFs recorded $20 billion in inflows during this period, more than any other ETF category.

Analysts credit the surge in spot ETF demand as the key driver behind Bitcoin’s rally, fueling a steadier stream of capital into the market. Unlike past runs powered by retail speculation, Bitcoin ETFs are bringing in consistent institutional flows that provide stronger, more sustainable support.

Expectations for the positive inflows trend to continue are driving bold price forecasts for BTC, with predictions rolling that the asset giant could reach $200,000 by year-end.  At the time of writing, Bitcoin trades at slightly over $118,620, up roughly 1% over the past day.