BlackRock’s latest inflow data shows that its flagship Bitcoin ETF has continued to accumulate sizable reserves even as broader market sentiment weakens. The firm added 953 BTC in the most recent session, reinforcing its position as the largest institutional holder of Bitcoin through an exchange-traded product. Although total ETF holdings have eased from a recent high near 798,700 BTC, BlackRock still controls roughly 777,000 BTC.
Activity tracked through IBIT highlights persistent accumulation. Daily flows fluctuate widely, yet several sessions have recorded inflows above 10,000 BTC, while outflows of similar magnitude have been infrequent. Consequently, total holdings continue to trend upward.
Moreover, enthusiasm surrounding the ETF sector has intensified as major issuers scale their strategies. BlackRock’s consistent additions reflect a steady appetite from portfolio managers seeking exposure during macro-driven turbulence.
Large Transfers Spark Debate Over Market Stress
The positive flow trend coincides with a sizable transfer to Coinbase Prime. Reports indicate that BlackRock deposited 4,471 BTC worth approximately $391 million, prompting speculation about potential liquidity needs. Arkham’s wallet tracker shows BlackRock-linked holdings falling sharply, dropping more than 30% in value from a peak of $117 billion to $78.03 billion.
The move unfolded amid a broader drawdown. Bitcoin has lost nearly 24% over the past month and remains down 6% year-to-date. Analysts warn that such transfers can heighten pressure when liquidity thins. Crypto Rover suggested that additional selling from large custodial movements could weigh on short-term price action.
Macro analysts also see structural weaknesses. VanEck’s Matthew Sigel argues that Bitcoin’s soft patch has been shaped primarily by U.S. trading hours. He pointed to tightening liquidity, widening credit spreads, and investor anxiety tied to aggressive AI-driven capital expenditure. According to him, these forces collided to create a fragile funding setup.
Despite concerns, not all experts anticipate sustained weakness. ARK Invest’s Cathie Wood maintains that current conditions reflect a temporary liquidity squeeze rather than a shift in long-term fundamentals. She expects a reversal in the coming weeks as risk appetite stabilizes.
Her outlook draws on accelerating enterprise demand. Wood highlighted a 123% surge in Palantir’s U.S. commercial revenues as an early indicator that corporate adoption remains intact. Moreover, she argues that tightening cycles often precede renewed inflows into high-conviction technology assets, including crypto.
Brenda Kanana
The CoinRemark Team
