BlackRock’s $1 Billion Bitcoin Investment Boosts Market Outlook
BlackRock’s iShares Bitcoin Trust reported a single-day inflow of approximately $1 billion on April 29, 2025, furthering Bitcoin’s market aspirations.
Investment by BlackRock underscores the growing significance of institutional backing, pushing Bitcoin towards a $2 trillion market cap, with markets reacting positively.
BlackRock’s iShares Bitcoin Trust (IBIT) experienced nearly $1 billion in daily inflows on April 29, 2025. This marks the second-largest inflow since the ETF’s launch, emphasizing the scale of institutional interest in Bitcoin. Bitcoin’s price responded to the inflows by rising to a local high of $95,400, driven by the potential for achieving a market cap of $2 trillion. Analysts suggest this trend will support ongoing price momentum.
