$1 Billion Bitcoin Purchase: BlackRock's ETF Now Holds 2.7% of Total BTC Supply

BlackRock's iShares Bitcoin ETF (IBIT) continues its impressive growth, now holding a staggering 2.7% of the total Bitcoin supply. This milestone follows the investment giant's largest Bitcoin purchase of 2025, a $600 million acquisition on January 22, and another for over $463 million on January 15, bringing their total to $1.063 Billion for the week. The fund's rapid accumulation underscores the growing institutional interest in Bitcoin and the success of spot Bitcoin ETFs.

A Billion-Dollar Buy: BlackRock's Biggest Bitcoin Purchase This Year

According to blockchain intelligence platform Arkham Intelligence, BlackRock now holds 572,616 Bitcoins. After experiencing some outflows earlier this month, IBIT rebounded strongly on January 24, surpassing $1 billion in trading volume within the first two hours.

Data from SoSo Value reveals that IBIT recorded a net inflow of $155.69 million on January 24, with cumulative inflows reaching $39.73 billion. The ETF also traded volumes worth $2.78 billion on the same day.

Fastest Growing ETF Ever: IBIT's Remarkable Rise

IBIT's rapid growth has established it as the fastest-growing ETF ever, even topping the list of the top 20 U.S. ETF launches of all time in 2024, according to Bloomberg analyst James Seyffart.

BlackRock's Vision: Bitcoin Adoption Still in Early Innings

Robert Mitchnick, BlackRock's Head of Digital Assets, recently highlighted IBIT's success and the broader adoption of Bitcoin in an interview with Bloomberg. He emphasized that despite the remarkable growth in 2024, Bitcoin adoption is still in its early stages. "As we come into year two now, we are focused on a lot of the same stuff that we were in year one. We are still quite early days in terms of the adoption of wealth advisory and the institutional segment," Mitchnick said.

Interestingly, BlackRock CEO Larry Fink has also predicted that widespread adoption could propel Bitcoin prices to unprecedented levels, ranging between $500,000 and $700,000 per BTC.

Market Fluctuations: Bitcoin Dips Below $100,000

Despite BlackRock's bold moves, Bitcoin had a rough start to the week, with its price dipping below the $100,000 mark. At the time of writing, the largest cryptocurrency was trading at $99,090, reflecting a 5.6% decline over the past 24 hours.