In the context of global financial markets shaking due to the U.S.-China trade war and the downturn of tech stocks, a colossal force is quietly keeping Bitcoin stable – that is BlackRock, the world's largest asset management firm.



BlackRock 'weighs' the entire Bitcoin ETF market


In just April, BlackRock's iShares Bitcoin Trust (IBIT) attracted 2.45 billion USD, accounting for 80% of the total capital inflow into the Bitcoin ETF market (approximately 3 billion USD). In other words, while many other funds are struggling with outflows, BlackRock is single-handedly shouldering the entire market.


Specifically:



  • On Monday, IBIT attracted an additional 972 million USD in Bitcoin.



  • On Tuesday, the number continued to rise by 217 million USD.




All other ETF providers have seen outflows, with only BlackRock recording positive growth.



Why are investors 'flocking' to BlackRock's Bitcoin?


There are 3 main reasons why #IBIT almost exclusively dominates the market:



  1. Reputation and financial strength: BlackRock manages over 12 trillion USD in assets – creating a strong liquidity network and almost absolute trust among institutional investors.



  2. An underground ambassador for Bitcoin: BlackRock's senior leaders not only support but also directly communicate the message of support for Bitcoin to the market.



    • Jay Jacobs, Head of U.S. Equities at BlackRock, said: 'If looking long-term, Bitcoin truly operates differently from traditional assets.'



    • Samara Cohen, CIO of the ETF segment, stated: “Institutional investors are currently primarily focused on Bitcoin, especially in the current environment.”





  3. Geopolitical instability: The trade tensions sparked by President Donald Trump with China are causing global financial markets to become unstable. Investors are turning to non-correlated assets like gold and Bitcoin for risk hedging.





Bitcoin overcomes challenges, decouples from tech stocks


In the past month, despite the tumult in the U.S. stock market and the weakening USD, Bitcoin's price has still risen about 13%, demonstrating remarkable stability amid chaos.


Even major financial media outlets like CNBC are beginning to talk about Bitcoin 'decoupling' from tech stocks – a significant shift in perception from the traditional finance community.


Currently, Bitcoin is trading around 94,000 USD, down slightly by 1.3% in the past 24 hours.



One ETF to rule them all


When comparing the position of IBIT with the rest of the market, the gap is vast:



  • BlackRock (IBIT): holds 50% of the Bitcoin ETF market, equivalent to 53 billion USD in BTC value.



  • Fidelity: ranked second with 18 billion USD, accounting for 17% market share.



  • Grayscale: ranked third with 17 billion USD, accounting for 16% market share.




In total, #BitcoinETF is holding 1.1 million BTC, equivalent to 106 billion USD, since these funds were launched in January 2024.


BlackRock is not only leading but also creating a ripple effect, forcing other institutional investors to pay attention and consider approaching Bitcoin through ETFs – a legal, transparent, and regulated tool.



Impact on the crypto market and Binance users


The strong capital influx from #BlackRock⁩ into Bitcoin not only helps stabilize BTC prices during volatility but also generates additional confidence for retail investors, especially users on major exchanges like Binance.


As traditional financial institutions recognize and invest long-term in Bitcoin, it creates a validation effect for the entire crypto market. At the same time, the shift from stocks to digital assets is opening up more stable long-term investment opportunities, even in an unstable macro environment.



Conclusion


BlackRock is not only a major player but also an invisible patron of Bitcoin's price during sensitive times. With 2.4 billion USD poured into IBIT in just one month, this giant is sending a clear message: Bitcoin is no longer a fringe asset, but a new pillar in the portfolios of global finance.



Risk warning: The cryptocurrency market always carries many risks and high volatility. This article does not constitute investment advice. Always carefully consider and only invest money you can afford to lose.