Goldman Sachs Increases BlackRock's Bitcoin ETF Stake by 28% to $1.4B Amid Record $62.9B Inflows

Goldman Sachs has significantly increased its stake in BlackRock's iShares Bitcoin Trust (IBIT) ETF, boosting its holdings by 28% to 30.8 million shares, now valued at $1.4 billion. This move underscores the growing institutional interest in Bitcoin ETFs.

BlackRock's IBIT ETF itself saw a substantial acquisition of 10,572 Bitcoin this week, surpassing the average weekly mining output of 3,150 Bitcoin. This indicates strong demand for Bitcoin through ETF investments.

The broader digital asset investment market experienced a fourth consecutive week of inflows, totaling $882 million globally, with Bitcoin leading the trend by attracting $867 million. U.S.-listed Bitcoin ETFs have now reached a record $62.9 billion in cumulative net inflows since their launch in January 2024. Over the last four weeks, Bitcoin spot ETFs recorded $934 million in net inflows.

Other cryptocurrencies also saw movements, with Sui attracting $11.7 million in inflows, surpassing Solana in year-to-date flows. Ethereum, despite a recent price surge, saw only $1.5 million in ETF inflows last week, while Ethereum spot ETFs experienced a net outflow of $38 million. BlackRock's IBIT ETF has seen 19 consecutive days of net inflows, marking the longest streak in 2025.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.