Bitcoin Price Strengthens, Crypto Market Sentiment Heats Up with Global Funds Pouring into Spot Bitcoin ETFs
Bitcoin prices are strengthening, and the sentiment in the crypto market is heating up as global funds flood into spot Bitcoin ETFs. Among them, BlackRock’s IBIT has performed the most impressively, recording a net inflow of funds for 20 consecutive trading days and attracting major Wall Street players like Goldman Sachs to increase their positions, becoming the focal point of the market.
IBIT Sets Record for Longest Fund Inflow 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, making it the strongest performing spot Bitcoin ETF since 2025. This record breaks the continuous inflow record of all similar products this year.
Currently, the total assets under management of Bitcoin spot ETFs in the U.S. market exceed $121 billion, reaching the highest level since January of this year, highlighting investors’ renewed enthusiasm for crypto assets.
ETF Analyst: IBIT’s Fund Attraction Far Exceeds Peers, Hedge Funds May Have Returned
Bloomberg ETF analyst Eric Balchunas noted on social media platform X that IBIT’s fund inflows far outpace other similar products. He wrote, “Typically, the flow of funds among such ETFs is relatively balanced, but this time IBIT is clearly leading the pack.”
Balchunas speculated that this could be related to hedge funds restarting their “basis trading” strategies. Additionally, the recent price increase of Bitcoin, which has “decoupled” from other risk assets, has also attracted some large investors to enter the market.
(Why Bitcoin ETF Continuous Net Inflows Didn’t Increase? CME Short Arbitrage Hits New High, Not Just for Buying Coins)
Goldman Sachs Becomes Largest Known Institutional Holder of IBIT, Shares Surge by 28%
According to the latest 13F filings from 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 crypto assets.
Moreover, Goldman Sachs also holds the second-largest Bitcoin ETF in the market — FBTC under Fidelity, with a total of 3.5 million shares valued at approximately $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
The crypto market observation agency MacroScope pointed out that Goldman Sachs disclosed in its 13F filing last December a $157 million call option position in IBIT and a $527 million put option position, along with $84 million worth of FBTC put options. However, these options positions did not appear in the latest filings, and the specific reasons for the changes remain unknown.
Goldman Executives: Stablecoin Regulation Expected to Be a Catalyst for Institutional Entry
This filing also reflects Goldman Sachs’ recent shift in attitude towards cryptocurrencies. The company mentioned cryptocurrencies for the first time in its latest annual shareholder letter, indicating a growing importance placed on this asset class.
At the Token2049 forum held in Singapore, Mathew McDermott, head of Goldman Sachs’ digital assets, pointed out that if the stablecoin bill is passed, allowing financial institutions to adopt stablecoins on a large scale, it could become a significant catalyst for traditional finance’s entry into the crypto market. He stated, “We are closely monitoring the progress of relevant regulations.”
(Stablecoin Bill “GENIUS Act” Vote Fails! Democrats Worry About Trump’s Influence, Coinbase CEO: Keep Pushing)
BlackRock Meets Intensively with SEC, Accelerating Development of Crypto ETF Product Options
Not only has fund inflow reached 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 products. This move indicates that regulatory agencies are showing a more open attitude in the field of crypto assets, paving the way for subsequent product innovations.
ETF Competition Intensifies, Traditional Financial Institutions Rebet on Bitcoin
As Bitcoin prices rebound, the U.S. regulatory attitude gradually becomes more friendly, and large institutions actively position themselves, the Bitcoin spot ETF market is ushering in a new wave of dual impetus from funds and policies. Whether investors or financial giants, it seems everyone is ready to seize the initiative in this new financial revolution.
Risk Warning
Investing in cryptocurrencies carries high risks, and their prices may fluctuate dramatically. You may lose all your capital. Please assess the risks carefully.