BlackRock’s IBIT Hits 600K BTC Milestone as Institutional Giants Fuel Bitcoin Rally

BlackRock's IBIT Hits 600K BTC Milestone as Institutional Giants Fuel Bitcoin Rally

The BTC market has witnessed an unprecedented institutional stampede beyond 600,000 BTC under management by BlackRock’s iShares Bitcoin Trust (IBIT), which could signal a new chapter in Crypto Asset maturation.

At the heart of this shift is the eight-day inflow streak that spots Bitcoin ETFs that collectively absorb the Bitcoin ETFs into holdings, according to far-side data.

Institutional Juggernaut vs. Retail Retreat

Insights from the market information platform Santiment show that this sustained capital injection reflects new investors’ trust, just as fears about global tariff uncertainty and geopolitical tensions begin to ease.

“As the fears about the new tariffs have subsided, some traders may feel more relaxed. I wrote Santiment analyst Brianq.

One standout from the recent patterns is BlackRock’s IBIT. As stated in the report, liquidity, brand trust and media saturation have converged and become a priority vehicle for agencies seeking BTC exposure.

On April 29 alone, it added 2,273 BTC worth $227 million, boosting its total holdings to 601,209 BTC. It marks an iconic, logistical milestone, cements its position as BlackRock’s largest in-house Bitcoin holder, with its second-largest fidelity of just 200,000 BTC.

Yet despite the flood of institutional capital, Santiment’s report revealed a trend in concern. Bitcoin prices are a classic bearish vent that often foresees pullbacks despite declining trading volumes.

This anomaly is particularly impressive given the surge in Bitcoin to $95,066. Such gatherings usually come with an inflation, informing broad beliefs. Instead, observers are focused on how, while retailers remain on the sidelines, a narrow cohort of deep investors has supported the market, while observers are primarily ETF issuers and strategies.

The inflow of ETFs mechanically increases demand as the issuer needs to buy BTC back-share, but Fading volume suggests there is no organic momentum in BTC’s recent rally.

“The price is rising, which forms a divergence of bearishness, but moves in the opposite direction,” Brianq explained. “This pattern suggests that rally may be weakened because it is not usually supported by strong activities from traders.”

Steady climb of BTC

Despite this, Bitcoin currently holds around $95,000, following a decisive breakout at the beginning of the month. Over the past 24 hours, each Coingecko data has been traded within a narrow band between $93,881 and $95,443.

On a weekly scale, the flagship cryptocurrency earned a modest 1.6%. Furthermore, the gains for those 14 and 30 days were 13.7% and 16.1% respectively, leaving over 50% of the previous year.

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