BlackRock Bitcoin ETF Acquires 11,000 Bitcoins, BTC Price ATH Soon?

Inflows into the spot Bitcoin ETFs have remained strong this week following Donald Trump‘s inauguration and other macro developments. On Thursday, BlackRock‘s iShares Bitcoin Trust (IBIT) scooped another 1,478 BTC BTC $84 950 24h volatility: 0.8% Market cap: $1.69 T Vol. 24h: $19.08 B worth $155 million, thereby taking its weekly purchases, so far, to more than 11,000 BTC.

Furthermore, on Thursday, IBIT clocked the highest-ever daily trading volume, totaling $6.8 billion, marking a 220% increase compared to yesterday’s volume. This surge in activity highlights growing investor interest in the Bitcoin ETF.

As a result of these massive inflows, BlackRock’s IBIT net inflows have surged past $39.5 billion with total assets under management of $59.8 billion. Amid the Trump effect, the Bitcoin ETF inflows have surged once again with BlackRock’s IBIT leading the flow.

Bitcoin ETF Inflows Storm the Market

ETF Store President Nate Geraci has highlighted a significant surge in spot Bitcoin ETFs, which have quietly attracted $3.7 billion in inflows over the past six days. He further added:

“While everything else is going on, spot bitcoin ETFs have quietly taken in $3.7bil over past 6 days… *$3.7bil* That’s a ridiculous number”.

Seeing this strong market demand, asset managers are now coming up with innovative products. Earlier this week on January 22, Calamos Investments launched the “Protected Bitcoin ETF”, offering a guarantee of 100% money back if Bitcoin falls by 50%. However, the ETF also caps potential gains, limiting them to a maximum of 11.5%.

Despite a poor start to 2025, with the first week of January seeing net outflows, inflows into spot Bitcoin ETFs have resumed once again. since the beginning of 2025, the net inflows have turned positive by $4 billion.

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U.S. Bitcoin ETF inflows by day ✅ +$4 Billion net inflows YTD pic.twitter.com/fomUWina7g

— HODL15Capital 🇺🇸 (@HODL15Capital) January 23, 2025

Will BTC Price Catch Up?

The BTC price has once again gained over 3% shooting past $105,411 levels with a market cap of $2.088 trillion. Currently, Bitcoin has remained rangebound oscillating between $101K-$106K where it faces strong rejection on the upper boundary. If BTC manages to cross $106K, it will set the stage for a rally to fresh all-time highs above $110K.

Popular crypto analyst Rekt Capital noted:

“Bitcoin has once again successfully retested the Range Low of $101k (black), this time forming a Higher Low in the downside wicks BTC has since bounced right back up to the Range High (red) and is once again in contention for a potential Daily Close above the resistance.”

Crypto analyst Ali Martinez has noted that the Accumulation Trend Score for Bitcoin (BTC) is approaching 0, signaling that large entities or a significant portion of the network are either distributing their holdings or not accumulating Bitcoin at the moment.

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