Twenty Consecutive Days of Capital Inflow: BlackRock’s Bitcoin Spot ETF Attracts Massive Investments, with Goldman Sachs as the Largest Buyer
Bitcoin Price Strengthens, Cryptocurrency Market Sentiment Heats Up
The price of Bitcoin has strengthened, and the sentiment in the cryptocurrency market is heating up, with global funds pouring into spot Bitcoin ETFs. Among them, BlackRock’s IBIT has been the most outstanding performer, recording net inflows for 20 consecutive trading days and attracting major Wall Street firms like Goldman Sachs to increase their positions, becoming the focus of the market.
IBIT Sets Record for Longest Fund Inflows in 2025
According to data, BlackRock’s spot Bitcoin ETF — IBIT, has recorded net fund inflows for 20 consecutive trading days, accumulating approximately $5.1 billion, becoming the strongest performing spot Bitcoin ETF since 2025. This record breaks the continuous inflow record of all similar products this year.
Currently, the total net asset value of Bitcoin spot ETFs in the U.S. market exceeds $121 billion, marking the highest level since January of this year, highlighting the renewed enthusiasm of investors towards cryptocurrency assets.
ETF Analyst: IBIT’s Fundraising Power Far Exceeds Peers, Hedge Funds May Have Returned
Bloomberg ETF analyst Eric Balchunas pointed out on social media platform X that IBIT’s fund inflows far surpass those of other similar products. He wrote: “Typically, the flow of funds among these types of ETFs is relatively balanced, but this time IBIT is clearly taking the lead.”
Balchunas speculated that this may be related to hedge funds restarting their “basis trade” strategies. Additionally, the recent decoupling of Bitcoin prices from other risk assets has attracted some large investors to enter the market.
(Continuous net inflows into Bitcoin ETFs but no price increase? CME short selling arbitrage reaches new highs, indicating a lack of buying interest.)
Goldman Sachs Becomes Largest Known Holder of IBIT, Holdings Surge by 28%
According to the latest 13F filing with the SEC, Goldman Sachs is currently the largest known institutional investor in IBIT, holding 30.8 million shares valued at approximately $1.4 billion. This figure has increased by 28% since the beginning of the first quarter of 2025, indicating the company’s growing interest in cryptocurrency assets.
In addition, Goldman Sachs also holds the second-largest Bitcoin ETF in the market — Fidelity’s FBTC, with a total of 3.5 million shares valued at about $315 million. They increased their holdings by 30,000 shares in the first quarter of this year.
Mysterious Disappearance of Options Positions? Goldman Sachs’ Crypto Strategy Remains Intriguing
Crypto market observation agency MacroScope pointed out that Goldman Sachs disclosed in its December 13F filing a position consisting of $157 million in IBIT call options and $527 million in put options, along with $84 million in FBTC put options. However, these options positions did not appear in the latest filing, and the specific reasons for the changes remain unknown.
Goldman Sachs Executives: Stablecoin Regulation May Become a Catalyst for Institutional Entry
This filing also echoes Goldman Sachs’ recent shift in attitude towards cryptocurrencies. The company mentioned cryptocurrencies for the first time in its latest annual shareholder letter, indicating an increasing emphasis on this asset class.
At the Token2049 forum held in Singapore, Mathew McDermott, head of digital assets at Goldman Sachs, pointed out that if the stablecoin bill is passed, allowing financial institutions to adopt stablecoins on a large scale, it could be an important catalyst for traditional finance to enter the cryptocurrency market. He stated: “We are closely monitoring the progress of relevant regulations.”
(Stablecoin bill “GENIUS Act” failed to pass! Democrats worry about Trump’s influence; Coinbase CEO: Keep pushing forward.)
BlackRock and SEC Meet Intensively, Accelerating Development of Crypto ETF Options
Not only are fund inflows hitting new highs, but BlackRock has also recently met with the SEC’s cryptocurrency task force to discuss potential developments in staking and crypto ETF options. This move indicates that regulatory agencies are showing a more open attitude towards cryptocurrency assets, paving the way for future product innovations.
ETF Competition Enters a Heated Phase, Traditional Financial Institutions are Reinvesting in Bitcoin
With the rebound in Bitcoin prices, the increasingly friendly regulatory stance in the U.S., and the active positioning of large institutions, the Bitcoin spot ETF market is experiencing a new round of dual push from funds and policies. Whether for investors or financial giants, there seems to be a readiness to seize opportunities in this new financial revolution.
Risk Warning
Investing in cryptocurrencies carries a high level of risk, and prices may fluctuate dramatically, potentially resulting in the loss of your entire principal. Please assess risks carefully.
